Tag: Brazil

Brazil auctions 984.44 million liters of biodiesel for B10 mandate

Brazil auctions 984.44 million liters of biodiesel for B10 mandate

June 11, 2019 |

In Brazil, Renewables Now reports that 984.44 million liters of biodiesel were sold at the Petroleum, Natural Gas and Biofuels Agency’s most recent biodiesel auction at an average of 60 cents per liter worth a total of $589.3 million. A total of 1.12 billion liters of biodiesel were offered for sale at the 67th auction, […]

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Brazilian competition watchdog OKs Czarnikow’s 49% of new ethanol venture

Brazilian competition watchdog OKs Czarnikow’s 49% of new ethanol venture

June 4, 2019 |

In Brazil, Reuters reports that competition authorities have greenlighted UK sugar broker Czarnikow’s 49% participation in a new ethanol trading joint venture with Vale do Tijuco Açúcar e Álcool SA and Canápolis Açúcar e Etanol SA. Expansion into ethanol a new move by the British firm that is one of the largest and oldest sugar […]

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Brazilian mills to be allowed direct ethanol sales to fuel retailers

Brazilian mills to be allowed direct ethanol sales to fuel retailers

June 4, 2019 |

In Brazil, Reuters reports that the government has decided to allow ethanol producers to market ethanol directly to fueling stations, a move pushed by many mills who have argued that it would increase efficiencies and lower costs while improving margins for mills. The economy ministry needs to develop some underlying tax regulations that could take […]

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Two biofuel-solar hybrid power plants score off-take contracts at Brazilian auction

Two biofuel-solar hybrid power plants score off-take contracts at Brazilian auction

June 3, 2019 |

In Brazil, biofuel-solar hybrid power generation took a big stride forward recently when two projects were awarded contracts to sell power to the national grid at auction that will start providing electricity to Boa Vista and surrounds from June 28, 2021. The 56MW BBF project was awarded a contract for $136.8 million while the 11MW […]

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Canaplan sees Brazilian mills using up to 66% of cane for ethanol in 2019/20

Canaplan sees Brazilian mills using up to 66% of cane for ethanol in 2019/20

May 30, 2019 |

In Brazil, Reuters reports that Canaplan has increased its estimate of cane crushed for ethanol production during the 2019/20 season to between 65.5% and 66%, jumping from its estimate in April at the start of the crush of 62%. As a result, ethanol production for the season could reach 29.5 billion liters from its April […]

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Atvos files for bankruptcy protection

Atvos files for bankruptcy protection

May 30, 2019 |

In Brazil, Renewables Now reports that Atvos, owned by Odebrecht, failed to make payments on its $250 million loans to Lone Star Funds and Castlelake at the end of 2017 so has filed for bankruptcy protection. The company currently produces around 10% of Brazilian ethanol. Atvos had pledged 30% of its sugarcane production as collateral […]

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Brazilian mills look back to ethanol as sugar rush fizzles

Brazilian mills look back to ethanol as sugar rush fizzles

May 8, 2019 |

In Brazil, Reuters reports that hopes for a recovery in sugar prices sufficient to drive a shift in production away from ethanol have withered and mills are reworking plans in order to focus again on ethanol production. Sopex expects ethanol to account for around 65% of this season’s cane crush rather than 60% or less […]

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Brazilian April ethanol imports at 11-month high of 230.7 million liters

Brazilian April ethanol imports at 11-month high of 230.7 million liters

May 7, 2019 |

In Brazil, Platts reports that ethanol imports in April were at the highest levels seen in 11 months, totaling 230.7 million liters. The figure is more than 40% higher than during April 2018 but it was about 107% higher than in March. Total imports for the year through April reflect the similar trend of lower […]

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Brazilian ethanol production seen falling in 2019/20 by 4%

Brazilian ethanol production seen falling in 2019/20 by 4%

May 7, 2019 |

In Brazil, Platts reports that CONAB data shows ethanol production will likely be around 31.75 billion liters during the 2019/20 season, down around 4% on the year, despite of expectations that the overall sugarcane crush is seen as flat on the year at almost 616 million metric tons. With global sugar prices still depressed, mills […]

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Brazilian and US ethanol markets split as policies and demand diverge

Brazilian and US ethanol markets split as policies and demand diverge

May 1, 2019 |

In Brazil, Bloomberg reports that the global ethanol market has split, with ethanol in the US acting almost completely unrelated from Brazil where the ethanol market is booming, as the sugarcane crush kicks off and drivers look to fill their tanks with record volumes of hydrous ethanol. In the US, on the other hand, stocks […]

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