In Brazil, UNICA told Reuters that several large sugarcane milling groups are expanding ethanol production which would see an even smaller share of cane go towards sugar production. Last year, about 65% of cane went to ethanol production while this season it is likely closer to 75%. The new RenovaBio policy that focuses on achieving Paris climate goals through increased biofuel production has been a major driver for increased ethanol investment over the past couple of years.
Category: Fuels