Under the terms of the agreement, its first long-term ethanol supply contract, Petrobras will deliver 143,000 cubic meters/year of hydrous for a period of 10 years.
The ethanol supplied will be used by TTC to produce bio-PET, Petrobras said in a statement.
Last Monday, Petrobras said Acucar Guarani, part of French sugar and ethanol group Tereos International, would supply the Brazilian oil major with 2.2 billion liters of ethanol for the next four years.
The supply contract between Tereos and Petrobras is worth an estimated Real 2.1 billion ($1.2 billion).
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