October 30, 2018 / 2:36 PM / 16 days ago

Brazil's Cosan eying refining partnership with Petrobras

SAO PAULO, Oct 30 (Reuters) - Brazil’s Cosan SA Indústria e Comércio, a leading ethanol producer and fuel distributor, is interested in refining partnerships with oil company Petroleo Brasileiro SA, its chairman Rubens Ometto said on Tuesday.

The company is “looking at” potential partnerships, but it will depend on the model that Petrobras, as the company is known, sets for selling stakes in its Brazilian refineries. Cosan has a partnership with Royal Dutch Shell Plc in the 50-50 joint venture Raízen, the world’s largest sugar producer and Brazil’s second largest fuel distributor. (Reporting by Marcelo Teixeira Editing by Chizu Nomiyama)

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