This document summarizes Sojitz Group's biofuel activities in Brazil as of October 2010. It describes their equity stake in ETH Bioenergia S.A., a leading Brazilian bioethanol producer with 5 mills and plans for 9 mills by late 2011. It also notes their involvement in Braskem S.A., the largest petrochemical company in Latin America, where Sojitz is the largest foreign shareholder and handles certain annual volumes of ETBE (Ethyl Tertiary Butyl Ether) from two Braskem plants using their global marketing network. The document discusses Sojitz's strategy to build a "Value Chain" from Brazilian ethanol and ETBE supply sources to downstream sectors in Europe and

1. Sojitz Bio Fuel Activity
October 2010

2. Bio Ethanol
Company: ETH Bioenergia S.A.
Head Office: Sao Paulo, Brazil
Equity Ratio: Odebrecht 43.33% / Brenco(BNDES etc.) 35% / Sojitz Group 21.66%
(ETH Bionergia merged with Brenco in April 2010)
Equity: R$1,225 Million (=US$662Million) as of End March, 2010
Number of Mill: 5 as of May, 2010 (to be 9 by end of Oct 2011)
Copyright © Sojitz Corporation 2004 2
SP
GO
MS
MT
Santos
Paranaguá
Ethanol
Pipes
PR
Brenco Assets Centrosule (pipeline)
Shareholders ETH
Odebrecht and Sojitz
Shareholders Brenco
BNDES etc.
ETH Bioenergia
65% 35%

3. Rapid Development through competitiveness, sustainability and cultural standard.
Sugar Cane Milling (in Thousands Tons per year)
12,730
20,863
32,912
37,125 37,833 37,860
Ethanol Production (in Million Liters per year)
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09/10 10/11 11/12 12/13 13/14 14/15 15/16
4,250
12,730
09/10 10/11 11/12 12/13 13/14 14/15 15/16
278
947
1,658
2,674
3,032 3,099 3,101
Ethanol Production (in Million Liters per year)

4. Company: Braskem S.A.
Head office: Sao Paulo, Brazil
Capital: R$ 5,473 Million(=US$3,075 Million) as of End Dec, 2009
Net Revenue: R$15,248 Million (=US$8,566 Million)
Gross Profit: R$2,584 Million (=US$1,452 Million)
Net Profit: R$917 Million (=US$515 Million)
Company Outline: The largest petrochemical company in Latin America. Sojitz is the
largest foreign shareholder of Braskem(2.2%), and has over 35 years of trading experience
ETBE (Ethyl Tertiary Butyl Ether)ETBE (Ethyl Tertiary Butyl Ether)
Copyright © Sojitz Corporation 2004 4
largest foreign shareholder of Braskem(2.2%), and has over 35 years of trading experience
with the company. Sojitz has been handling certain volume of ETBE every year from 2009
by utilizing global marketing network.
ETBE Plant in Camacari Petrochemical Complex.
Annual Production: 160,000mt
Loading Port: Aratu
ETBE Plant in Triunfo Petrochemical Complex.
Annual Production: 160,000mt
Loading Port: Rio Grande

5. By using competitive supply source of ethanol and ETBE, build “Value Chain” from
Brazil (upstream) to downstream sector in Europe and Asia.
Sojitz Bio Fuel StrategySojitz Bio Fuel Strategy
Copyright © Sojitz Corporation 2004 5
“How?”
“Teaming up with the company who has 1. storage/established logistics, 2. access to
the retail market, 3. stable business in the market .”
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