Can corn compete in Brazil with cane? Ethanol Baron’s Summit Group to develop $140M corn ethanol project in Mato Grosso
In Iowa, after tipping earlier in the year that there were substantial opportunities in Brazil and Argentina for corn ethanol expansion, “Ethanol Baron” Bruce Rastetter and his Summit Group have announced a $140 million corn ethanol project for Lucas do Rio Verde in Mato Grosso state. Summit Group will finance the project through its US […]
In Brazil, hydrous ethanol prices are strengthening thanks to large purchases of spot volumes. Higher ethanol prices are expected later in the year, so suppliers are starting to build up stocks. Gasoline prices are also expected to rise 5.5% between October and November following the presidential election. When gasoline prices were increased in November 2013, […]
In Brazil, the ethanol industry is standing behind Marina Silva, former environmental minister under former president da Silva and the expected vice-presidential pick from the socialist party’s candidate who was killed Aug. 13 in a plane crash. He had supported better pricing for ethanol and bagasse-based electricity, policies Silva is expected to continue supporting.
In Brazil, ANP sold 625.7 million liters of biodiesel at its most recent auction, 99% of which had the social seal. The fuel sold valued at about $530.24 million. The auction that began on Aug. 8 saw 41 producers participate. Since July 1, the biodiesel blend has been set at 6%.
In Brazil, ethanol production slipped during the second half of July due to rains that slowed down the cane harvest. Production reached 1.6 billion liters during the period, down from 1.9 billion liters during the same period last year and down from 1.8 billion liters produced during the first half of the month. Ethanol production […]
In Brazil, Bunge will buy out Itochu’s 20% share of their sugarcane joint venture, leaving Bunge with 100% ownership of the two mills. Itochu is backing out because it sees an uncertain future for the profitability of the mills. Bunge is also potentially divesting its sugarcane holdings in the country for similar reasons.
In Brazil, a debate on agribusiness was hosted for the top three presidential candidates where the incumbent blamed the 2008 financial crisis for a lack of support for farmers. She said sugarcane producers must become more competitive in the face of increasingly cheap corn ethanol from the US, while opponent Aécio Neves said the industry […]
In Brazil, the House of Representatives has approved the increase of ethanol blending to 27.5% as well raising the biodiesel blend to 7% by Nov. 1. The measure now moves on to the Senate for final approval. The president has also said that the government may consider additional tax incentives for the ethanol industry.
In Brazil, the national congress will begin deliberating this week whether or not to extend the president’s executive order this year to boost the biodiesel blend to 7%. The executive order had a 60-day sunset period but was extended by the president of the congress until September. Now the mixed group of congressional deputies must […]
In Brazil, the ANP has granted permission for the world’s largest poultry processor JBS to export biodiesel and fuel derivatives. The company is expanding and just announced it will buy the poultry businesses in Mexico and Brazil from Tyson Foods.