Brazil, Denmark sign alternative energy agreement
Denmark and Brazil's state company Petrobras have signed an alternative fuel research cooperation agreement, Petrobras said on Monday.

The agreement signed in Rio de Janeiro by Denmark's Prime Minister Anders Fogh Rasmussen and Petrobras President Jose Sergio Gabrielli is preliminary, Petrobras said.

A more detailed version will be signed in September when Brazilian President Luiz Inacio Lula da Silva visits Denmark, it said.

Denmark aims to fulfill the goals set by the European Union to reduce its fossil fuel consumptions and has planned to have 10 percent of its vehicles shifted to biofuels by 2020.

Gabrielli said joint research and bilateral exchanges may result in the discovery of new technologies to produce biofuels.

Brazil has already signed similar agreements with neighboring South American countries such as Colombia, Paraguay, Peru and Venezuela