Tag: Brazil

High sugar prices seen cutting into ethanol production

High sugar prices seen cutting into ethanol production

June 28, 2016 |

In Brazil, sugar fetching the highest prices seen in several years is expected to deter the amount of sugarcane diverted to ethanol production, eventually putting a squeeze on the local ethanol markets as well as those countries who traditionally import. FG/AGRO consultancy told a conference in Sao Paolo that ethanol production could drop to 27.2 […]

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Brazil sets up working group to study higher biodiesel blends

Brazil sets up working group to study higher biodiesel blends

June 20, 2016 |

In Brazil, the Ministry of Mines and Energy has created a working group to study and monitor opportunities to expand the biodiesel blending mandate, currently at 7%. The announcement was published in the federal gazette on Friday. The group will perform tests and tests on higher biodiesel blends, with tests for 10% by March 23, 2017 […]

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ANP biodiesel auction contracts 646.6 million liters

ANP biodiesel auction contracts 646.6 million liters

June 16, 2016 |

In Brazil, ANP’s biodiesel auction on Tuesday saw 646.6 million liters sold, 100% of which has the social seal. The average price was 69 cents per liter, bringing the total value of the contracts to $448.4 million. A total of 31 producers offered 789.97 million liters of biodiesel at the auction that will supply the country’s […]

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New Petrobras CEO may usher in a new era for ethanol industry

New Petrobras CEO may usher in a new era for ethanol industry

June 14, 2016 |

In Brazil, Petrobras’ new CEO says the days of government-subsidized gasoline will soon be over, boosting demand for flex-fuel vehicles and E100 hydrous ethanol to fuel them. Though the move is likely to create inflation pressure, the main reason for having continued the failed policy for slow long, it should stimulate demand for both domestic […]

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Brazilian biodiesel distributor sells assets for $633.4 million

Brazilian biodiesel distributor sells assets for $633.4 million

June 13, 2016 |

In Brazil, Ultrapar’s subsidiary Ipiranga Produtos de Petróleo has agreed to buy Alesat Combustíveis’ assets, which distribute biodiesel and fossil-based diesel that represent a total value of $633.4 million. The amount to be paid to the sellers will be deducted of ALE’s net debt as of December 31, 2015 and is subject to working capital […]

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Brazilian sugarcane giant to switch to hydrous ethanol production from anhydrous

Brazilian sugarcane giant to switch to hydrous ethanol production from anhydrous

June 7, 2016 |

In Brazil, sugarcane giant San Martinho plans to shift its ethanol production to predominantly hydrous fuel from anhydrous in order to serve the domestic flex-fuel car market rather than blend with gasoline or export. The company dedicates about half of its cane towards ethanol while the remainder goes to sugar. With sugar prices increasing globally, […]

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Brazilian biodiesel production down 6% on year while ethanol soars

Brazilian biodiesel production down 6% on year while ethanol soars

May 31, 2016 |

In Brazil, biodiesel production hit 301,000 cubic meters in April, bringing the total for the year to 1.19 million cubic meters, down 6% on the year. That is despite having an installed production capacity of 7.24 million cu m. Ethanol production, on the other hand, jumped nearly 60% on the year to 2.89 billion liters, […]

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Brazilian ethanol prices fall for seventh week in a row

Brazilian ethanol prices fall for seventh week in a row

May 23, 2016 |

In Brazil, a steady cane crush continues to weigh on ethanol prices as they fall to BRL2.33/liter, down 2% on the week and 64.7% of the price of gasoline, down from 77% in early April when the crush was just kicking off. The energy content of ethanol typically means that parity below 70% is a […]

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Brazilian ethanol prices continue to fall in the face of record production

Brazilian ethanol prices continue to fall in the face of record production

May 19, 2016 |

In Brazil, ethanol prices continue to fall pressured by increased ethanol production. Despite sugar prices having up to a 400-point premium over ethanol, mills continue to produce large quantities of ethanol in order to secure cash for payroll. Ethanol production in April was up nearly 63% at 2.77 billion liters, forcing mills to sell ethanol […]

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Brazilian ethanol prices could rise 25% if Cide increase approved

Brazilian ethanol prices could rise 25% if Cide increase approved

May 18, 2016 |

In Brazil, the new government is looking to boost the Cide tax on gasoline to 17 cents from 3 cents, which could have an immediate price impact of an additional 25% on ethanol prices. Doing so could have a major impact on the sugarcane crush currently underway as mills are getting more profit from sugar […]

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