Brazil Fuel Industry: Top 3 Companies in Brazil
Brazil Fuel Industry: Top 3 Companies in Brazil
Brazil Fuel Industry: Top 3 Companies in Brazil
The top oil company in Brazil (by revenue) is Petrobras. Petrobras has a de
facto monopoly in derivate of production and a “nearly-monopoly” in oil extraction.
Petrobras Distribuidora or BR, subsidiary of Petrobras, is the largest distributor and
marketer of petroleum derivatives and biofuels (ethanol) of Brazil and Latin America. The
company has more than 7,000 gas stations in Brazil.
There are also several other companies in Brazil, such as BP and Exxon. In the
distribution sector, however, you have plenty of competition such as Ipiranga and Raizen
(Shell + Cosan) they are also very well positioned. There small distributors as well, but
they don’t have anywhere near the same tractions of those three.
2) Ipiranga
KeyPeople:
Website: www.ipiranga.com.br
3) Raizen
Raízen is the third largest Brazilian energy company by revenue and the fifth largest in
Brazil. The company is a joint-venture formed in 2010 from the merger of the assets of
sugar, fuel and ethanol derived from sugar from Cosan and Royal Dutch Shell in Brazil.
Raízen has a network of 4,500 fuel stations under the Shell brand, more than 500
convenience stores and an ethanol production of over 2.2 billion US gallons. In the fuel
area, the joint venture will market approximately 20 billion liters for the segments of
transport, industry and its network of 4,500 fuel stations.