As many as 30 Brazilian ethanol mills headed for bankruptcy

September 30, 2014 |

In Brazil, Valor Economico reports that as many as 30 ethanol and sugar plants are ready to shut down permanently thanks to the country’s policy to continually cap gasoline prices. The mills crush about 60 million metric tons of cane annually and currently aren’t operating. They’ve delayed payments for several months and are expected to file for bankruptcy.

 

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