Tweet In Brazil, Bloomberg New Energy Finance says rising ethanol production will mean 20% fewer petroleum imports for Petrobras this year, who will benefit significantly. UNICA says that the huge fall in sugar prices won’t be offset by the increase in ethanol demand, however.
Tweet One thing to remember about Shell – it’s not your Dad’s oil company. In an exclusive Digest interview, Shell’s VP for Alternative Energy, Matthew Tipper, reveals the company’s thinking about RFS2, their increasing re-focus on North America and the EU. Plus, Shell’s ambition to “build, own and operate” a global biofuels business “to complement [...]
Tweet In Brazil, BNDES has approved a $150 million loan in addition to its funding scheme for GranBio’s second-generation ethanol plant in São Miguel dos Campos in the northeastern state of Alagoas. The bank’s investment arm is buying a 15% equity stake in the company for about $300 million, which was announced in December. This [...]
Tweet In Brazil, the primary sugar crop will produce a record 35.5 million tons of sugar this season, an increase of 4.1 percent over last season, indicated sugar and ethanol industry association Unica. The massive cane crop will boost biofuel production up to 18.8 percent. Additionally, the quality of the cane has been better than [...]
Tweet In Brazil, the latest data from the Center for Advanced Studies on Applied Economics (CEPEA) shows that 2012/13 anhydrous ethanol prices sold in Sao Paolo were on average 16.3% lower than in 2011/12, at an average of 64 cents per liter.
Tweet In Brazil, Bloomberg reports that Finance Minister Guido Mantega announced that effective May 1, R$970 million in credits as an offest to the R$0.12/liter ethanol tax, and as much as R$4 billion for crop renewal loans for 2013, along with a R$2 billion reais line of credit to stockpile ethanol. President Dilma Rousseff is [...]
Tweet In Brazil, the government has cut the PIS/Cofins – payroll and social security taxes – on ethanol and reduced interest rates on loans in an attempt to spur investment in the industry. UNICA says the measures will cost the government about $480 million in lost revenue this year, and is a “step in the [...]
Tweet Today on Twitter: dgcpt Could Biofuels Help Power Jets? KimReynoldsIA: Proud to share Iowa’s vibrant biotech & biofuels industries during today’s panel @BIOConvention. Thomas_Haugaard: #Brazil Said to Plan Ethanol Tax Cut, Low-Cost Loans for Mills
Tweet In the United Kingdom and Brazil, TMO Renewables and Usina Santa Maria Ltda have entered into an agreement to form a joint venture to build the first commercial production plant in Brazil to convert sugar cane waste to ethanol. Under the MOU, TMO in joint venture with Usina, will build, own and operate a [...]