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General Manager, Petrobras.

Executive Vice President

Brazil-Japan Ethanol Co., Ltd.

This presentation gives an overview of biofuel production in the world and the consequences of this in the 
energy matrix consumption of each country and in environmental change.  One of the best examples in the
world of the production and use of bio ethanol and bio diesel as transportation fuel—the case of Brazil—will
be cited. In the case of ethanol, its regular use in vehicles began more than 30 years ago. During this
period, each economic agent of the ethanol industry developed its own technologies. The agricultural sector
developed many kinds of specific varieties of sugar cane adjusted to climate, soil fertility, and so on;
prompting an increase the production of sugar cane. The industrial mills adjusted their technologies
to increase the production of ethanol and decrease energy consumption and cost. The car makers
developed technologies to adjust engines so that it become possible to use ethanol blended at the
percentages of 10%, 12%, 25%, and 100%. Nowadays car manufacturers have developed the flex fuel
vehicle, in which either ethanol or gasoline can be used in any proportion. All of the agents worked together
with each other, coordinated by government policy. In the bio diesel segment Brazil has developed new
technologies which will be presented. The production of biofuels increases continuously and in 2006
produced more than 17.0 billion liters of ethanol, and exported about 2.8 billion, and more than 800 million
liter of biodisel. Due to land conditions, good climate, and acquired expertise, Brazil can now supply part
of the world’s biofuel demands.

Profile

Kuniyuki Terabe has international caliber credentials in the fields of oil shale, refinery, lubricant, petrochemicals, and biofuels.  For nearly three decades he worked in the development of the oil shale industry in Brazil.  Mr. Terabe has served as the General Manager of Rio Grande do sul Refinery of Petrobras,
Executive Manager of their lubricant business and finally as President of Petrobras Quimica – Petroquisa
S.A. Currently he is general manager of Petrobras/BJE and Executive Vice President of  Brazil Japan
Ethanol Co., Ltd. in Japan.