Brasil Ecodiesel - Mandatory B2 Start Presents New Challenges to the Industry

Published:

RIO DE JANEIRO, Brazil, May 12 /PRNewswire-FirstCall/ -- Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais S.A. ("Brasil Ecodiesel" or "Company") and (Bovespa ECOD3) -- the largest biodiesel producer inBrazil -- announces its results for the first quarter of 2008 (1Q08) and informs its shareholders on developments within the Company and the industry.

    1Q08 HIGHLIGHTS
    -- B3 determination use as of July 1st by CNPE (National Energy Policy
       Council).
    -- Production of 70.7 m3 in 1Q08, keeping the leadership in the Brazilian
       market.
    -- Well succeeded participation in biodiesel auctions held in April.
    -- Sales of 86,968 m3 of biodiesel, a 14.8% growth against 4Q07.
    -- Conclusion of the plantation of 5,300 hectares of jatropha curcas in
       own farms.
    -- Net revenue of R$167.3 million, 24.6% higher than 4Q07.
    -- Net Loss of R$14.9 million, mainly due to the negative results of March
       due to the reduced average sales price in view of the increase in
       vegetable oil prices.


    CONFERENCE CALLS

    Portuguese
    Wednesday, May 12, 2008
    10:00 a.m. (Brazil)
    09:00 a.m. (NY)
    Phone: +55 11 4003-9004.
    Replay: +55 11 4003-9004.
    Code: Brasil Ecodiesel

    English
    Wednesday, May 12, 2008
    12:00 p.m. (Brazil)
    11:00 a.m. (NY)
    Phone: +1 (973) 935-8893
    Replay: +1 (706) 645-9291
    Code: 43752281.

SOURCE Brasil Ecodiesel Industria e Comercio de Biocombustiveis e Oleos Vegetais S.A.

Tags: Oil, Gas and Energy, Banking and Finance, , new york

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Brasil Ecodiesel - Mandatory B2 Start Presents New Challenges to the Industry