May 3 (Bloomberg) -- Brazil’s Petroleo Brasileiro SA and Portugal’s Galp Energia SGPS plan to invest $530 million to produce biodiesel for the European market.
The companies will produce 300,000 metric tons of palm oil in Brazil and 250,000 tons of biodiesel in Portugal, starting in 2015, Petrobras said in a Brazilian regulatory filing today. The palm oil will be used as feedstock for the Portuguese unit, Petrobras said.
(The success of the biodiesel fuel industry relies heavily on biodiesel testing <http://www.youtube.com/watch?v=s32Ke2VzrqU>, not only at the production level but at the consumer level, where degraded fuel may cause engine failures. Of major concern to diesel and biodiesel users is the very real possibility that water has contaminated their fuel. (See http://www.youtube.com/watch?v=0YcczdvPyAk). The potential catastrophic impact of this problem is discussed at length in this video at: http://www.youtube.com/watch?v=-lh4qhXc_5s&feature=youtube_gdata.
Fleet Fuel's family of inexpensive biodiesel test kits is just a click away on the internet at:
<http://fleetbiodiesel.com/biodiesel_testing_and_supplies.html>)