Brazil inaugurates first corn-only ethanol plant

In Brazil, the president and agriculture minister attended Friday’s inauguration of the country’s first corn-only ethanol plant, FS Bioenergia in Mato Grosso, which they vowed would not be the last, voicing support for more corn-based ethanol production. The facility will produce 63.4 million gallons of ethanol annually in addition to 60,000MWh of electricity and more than 6,200 metric tons of corn oil. Current corn prices are below production costs, so the president lamented there weren’t 10 similar plants online to absorb 6 million tons of corn from the market.