Petrobras

Clean Fuels Progress
FREDERICO KREMER
OUTLINE
AGENDA
1- Petrobras HIGHLIGTHS .
2- Diesel and Gasoline Quality Trends
3- Automotive Fuels Market
- Alcohol
- Biodiesel
4- Trends
3- Final Coment.
PETROBRAS HIGHLIGHTS
16 Refineries
11 in Brazil
Capacicity: 2,114 milhões bpd
Pipelines: 24.352 km
Proven
reserves :
11,8 billions boe (SEC)
Oil & Gas production:
2,02 M boed- medium values
Investiments
US$ 7,7 billions/year
( 2004-2010)
Fleet Ship: 47
Gross Revenue
US $ 47 billions
P&D Investments
US$ 270 millions
Petrochemical production:
ethylene: 400 mil t/ano
styrene: 250 mil t/ano
poliestyrene: 120 mil t/ano
dez 2004
Service Stations
Brazil : mais de 5.000
Argentina : mais de 700
Bolivia : mais de 80
Power generation
Plants : 10
Capacity : 1,912 MW
Natural Gas Sales:
33 M m3/d
Refineries Location in Brazil
Ref.: Maio 2005
Refining Capacity (m3/dia)
REMAN
LUBNOR
RLAM
REGAP
REDUC
REVAP
RECAP
REPLAN
RPBC
REPAR
REFAP
Storage Capacity: 20 M m3
7.300
1.000
51.300
24.000
38.500
40.000
8.500
58.000
27.000
30.000
30.000
TOTAL
315.600
TOTAL
1.985mbpd
1.400 tanks
Petrobras Position
0
1000
2000
3000
4000
5000
6000
7000 Mil b/d
Exxon Mobil
Royal Dutch Shell
BP
Total Fina/ELF
Conoco/Phillips
Chevron Texaco
PETROBRAS
2.114 mil b/d*
Repsol-YPF
Marathon
KPC
* Including Argentina and Bolivia
Operational Highlights
Oil Consumption & Production Forecasts in Brazil
Petrobras' Production /
Brazilian Consumption
49%
51%
58%
2000
1677
1500
1726
75%
1783
84%
99%
1925 (*)
1781
1900
1454
1500
1336
1000
1004
869
500
716
Petrobras' Production
Brazilian Consumption
0
1995
1997
1998
(*) Petrobras' estimate
2001
2002
2006
Fuel Quality Driver
1- Exhaust Emissions Control Program- PROCONVE
2- New Limits Defined in 2002
- In 2009.
heavy vehicles – EURO IV
light vehicles
- NLEV
QUALITY TRENDS
Sulphur , max
ppm
2001
2002
2003
2005
2006
2007
2008
1000
Gasoline
Diesel
2004
2000 / 3500
Petrobras launched Diesel 500 PPM
2009
50
500 / 2000
50 / 500
Refining Investments - Brazil
2004 – 2010 : US$ 8,6 bilhões
Aditional Refining
Ref. Capacity
Others
11%
Conversion
2%
33%
7%
Maintenance & SMS
9%
38%
Gasoline and Diesel Quality
US$ 3,26 bilhões
Automotive Fuels
Market Share, %
3,5 2,2
36,6
57,7
Diesel
Gasoline C
H. E
VNG
Fonte: ANP –base 2004
40,710 MM
22,500 MM
4,000 MM
4,300 Mm3/d
Diesel Consumption
IMPORTS
16,3%
TOTAL- 40,710 M m3
PRODUTION
83,7%
-Highway Transport
-Agriculture sector
-Power Generation
-Railroad
-Others
Fonte: BEN 2003- MME
73%
15%
5%
3%
4%
DIESEL MARKET
ADITIONAL INFORMATIONS
1- Petrobras´market share is 98,9%.
2- Petrobras´ production is 38,250 MM.
3- Growth rate of 2.4% since 2000.
4- Passenger cars forbiden.
5- Less taxation.
6- Law 11097 - Biodiesel
DIESEL MARKET
BIO DIESEL
1- 2008 – 2.0% máx.(mandatory )
2013 - 5.0 % máx.( mandatory )
2- 10 plantas ( 1 in operation )
capacity - 220,000 m3/year.
OTTO CICLE MARKET
GASOLINE CARS- MARKET SHARE
26.550 MM
1- Petrobras –
61.0 %
2- Concorrentes8.6 %
3- VNG equivalent7.4 %
4- Anhydrous alcohol
22.9%
5- Hydrate alcohol Flex-fuel
1.0%
OTTO CICLE MARKET
GASOLINE MARKET SHARE
1- Petrobras –
2- Competitors 3- Adulteration-
87.4 %
8.0 %
4.6%
OTTO CICLE MARKET
ALCOHOL MARKET
1- Production
2- Anhydrous
3- Exportation
4- Production costs
15,200 MM ( 37% )
4,500 MM
2,000 MM
u$ 0.20/l
ALCOHOL
The begining
.....
begining.....
FFV in Brazil
In 2010 FFV will be 25% of the fleet
Automotive vehicles, thousands
25000
20000
20,345
20,626
2003
2004
21,294
22,020
22,779
2005
2006
2007
23,586
24,474
25,399
25%
15000
10000
5000
0
Gasolina
Etanol
2008
2009
FFV
2010
Etanol as commodity
Global Market – 40.900 millions Liters
North and Central
Europe
America´
34%
9,8%
Brazil
37%
South America
Asia
38%
16,2%
Potencial Market:
1.500 Millons Liters (2005) → 7.000 Mill. de Lts. (2010)
BIODIESEL IMPLEMENTATION
Biodiesel Implementation in Brasil
Biodiesel
Regulatory Act
Law 11.097/05
B2 MANDATORY +
B5 OPTIONAL
B2 OPTIONAL
2005
B5 MANDATORY
2008
2013
Demand preview
2005
2006
2007
2008
2009
2010
Diesel (1000 m3) (*)
42.059
42.984
43.219
44.703
46.260
47.836
Biodiesel mandatory (1000
m3)
-
-
-
894
925
956
Biodiesel optional
(1000 m3)
841
859
864
1.296
1.387
1.435
Brasilian Producers
Agropalma
Brasil Ecodiesel
Ecomat
Adequim
Ecoóleo
Soyminas
Fusermann
Soyminas
Petroquímica
Capital
Ceralit
AUTOMOTIVE MARKET
TRENDS
Otto cicle market
900
MBPD Equiv.
800
700
VNG
600
HYDRATED
FOR FLEX FUEL
500
HYDRATED ALCOHOL
400
ANHYDROUS ALCOHOL
300
200
GASOLINE A
100
0
1.996
1.998
2.000
2.002
2.004
2.006
2.008
2.010
2.012
2.014
Diesel
Diesel CICLE
CICLE MARKET
MARKET
1.000
MBPD
VNG
900
Biodiesel
800
700
Diesel
600
500
400
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
Conclusi
ón
Conclusión
Petrobras
Petrobras es
es una
una Compañía
Compañía integrada
integrada de
de
energía
energía yy como
como tal
tal opera
opera en
en el
el área
área de
de
biocombustibles,
biocombustibles, suministrando
suministrando productos,
productos,
servicios
servicios yy asistencia
asistencia técnica
técnica
FINAL COMMENTS
- OTTO CICLE MARKET.
- DIESEL FOR 2009.
- BIOFUELS