Tag: Brazil

Hydrous ethanol’s fuel price parity with gasoline falls to 63% in SE

Hydrous ethanol’s fuel price parity with gasoline falls to 63% in SE

July 1, 2015 |

In Brazil, hydrous ethanol’s fuel price parity with gasoline slipped last week for the 18th consecutive time to the lowest seen since Oct. 2010 with ethanol averaging about 63% of gas in the southeast of the country. Yet even though ethanol prices are slumping, drivers are still filling up with less E100 at the pump, […]

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About 40,000 cu m of ethanol booked to the US from Santos for July/August

About 40,000 cu m of ethanol booked to the US from Santos for July/August

June 29, 2015 |

In Brazil, Platts reports that about 40,000 cubic meters of ethanol were booked to the US from the port of Santos for shipment in July and August with expectation of prices around $480/cu m FOB. A stronger dollar and stronger ethanol prices in the US made the arbitrage deal viable. A recent rally of D5 […]

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More than 61% of Brazilian cane used for ethanol production so far in 2015

More than 61% of Brazilian cane used for ethanol production so far in 2015

June 24, 2015 |

In Brazil, 58% of sugarcane harvested in the center-south region during the first half of June went towards ethanol production, and more than 61% during the crush so far, with the remainder going towards sugar. Despite the heavy focus on ethanol, production was down on the year due to 5% less cane being crushed during […]

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Raizen transports first biodiesel shipment by rail

Raizen transports first biodiesel shipment by rail

June 23, 2015 |

In Brazil, Raizen has completed its first shipment of biodiesel by rail, from Rondonópolis to Paulina, taking advantage of reverse logistics—railcars that would otherwise be empty after transporting fossil fuels, taking advantage of cheaper rates to move the biodiesel in the opposite direction. As much as 50 million liters of biodiesel could be transported annually,

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Guarani only willing to pay Petrobras half the value of its 42.9% equity stake

Guarani only willing to pay Petrobras half the value of its 42.9% equity stake

June 23, 2015 |

In Brazil, Petrobras hasn’t managed to secure a buyer willing to pay the asking price for its 42.9% stake in Guarani’s sugar and ethanol mills. Tereos, who owns the majority of Guarani, has offered $200 million but Petrobras says it’s not enough. The asset is on the company’s books as being worth $407 million, plus […]

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San Martinho to switch to sugar focus from ethanol focus during 2015/16 crush

San Martinho to switch to sugar focus from ethanol focus during 2015/16 crush

June 23, 2015 |

In Brazil, sugarcane major San Martinho says that despite the industry focusing on ethanol production so far in the crush, it will turn its attention to sugar production. It’s crushing ratio will be 52% for sugar and 48% for ethanol of 19.5 million metric tons of sugarcane, compared to 49% for sugar and 51% for […]

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Brazil slaps 11.25% import tariff on ethanol

Brazil slaps 11.25% import tariff on ethanol

June 23, 2015 |

In Brazil, the country’s president signed into law last Friday a bill that includes a 11.25% import tariff on ethanol imports in an effort to protect the country’s ethanol industry and will work to close the arbitrage window of US ethanol exports into the country. Ethanol imports during 2015 coming from the US reached 357 […]

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Nearly 100% of biodiesel sold at 661.5 million liters at ANP auction has social seal

Nearly 100% of biodiesel sold at 661.5 million liters at ANP auction has social seal

June 22, 2015 |

In Brazil, 661.5 million liters of biodiesel were sold at the ANP’s most recent auction on June 17 and 18. Of the total, 99.8% held the social seal. Thirty-four producers offered nearly 825 million liters of biodiesel at the auction with 97.05% holding the social seal. The average price paid for the biodiesel was slightly […]

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Ceres to focus on sugarcane rather than bioenergy after Brazilian downturn

Ceres to focus on sugarcane rather than bioenergy after Brazilian downturn

June 22, 2015 |

In Brazil, Ceres says the company is pulling back from research into bioenergy crops due to low prices and a sinking domestic economy and will instead focus on sugarcane for food and feed. Unfavorable biofuels policies as well as delays in bringing to market second generation biofuel production technologies have helped to support the decision […]

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Petrobras looking to sell off many of its ethanol assets to raise cash

Petrobras looking to sell off many of its ethanol assets to raise cash

June 18, 2015 |

In Brazil, Petrobras is seriously looking to offload some of its ethanol production assets in a shock move that would leverage cash to service some of its overwhelming debt and offshore drilling activities. Potential investors have apparently already been shown some of the assets that could be on offer. The company would not be looking […]

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