New Brazil ethanol policy

August 14, 2017 |

In Brazil, the president is expected to announce a presidential decree bringing in the long-awaited RenovaBio policy that is meant to boost biofuel production and consumption as a way to achieve its climate change goals. With about 20% of sugarcane mills mothballed since 2010 due to lack of competitiveness with gasoline thanks to unstable policy, the program is expected to be a lifeline to the sector. By 2030, the new policy could see demand for ethanol reach 40 billion liters compared to last year’s 26 billion liters. Further M&A and investment is expected as a result of increased demand.

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Category: Policy

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