In Brazil, the Brazilian government’s decision to raise taxes on gasoline and diesel is positive for sugar and ethanol (S&E) companies but will not materially alleviate the financial stress of these companies in 2015, according to Fitch Ratings. The new taxes should allow ethanol producers to increase prices, but the positive impact on the EBITDA […]
In Brazil, BP Biocombustiveis is looking to finance investments in its local businesses such as expanding sugarcane production through a capital increase of $126 million, following a similar capital hike of $94 million last month. Shareholders will vote on the plan on Feb. 4.
In Brazil, 2015 biodiesel production is expected to reach 4 billion liters, up 25% on the year. Consumption in 2014 grew 15% to 3.27 billion liters thanks to cheaper biodiesel and more expensive fossil diesel. The country is expected to produce 7.5 million metric tons of soy oil in 2015.
New book The Growth of Biofuels in the 21st Century analyzes contemporary international biofuels policy landscapes
In the US, a new book entitled The Growth of Biofuels in the 21st Century has been published, drawing on interviews with policy insiders in Brazil, the EU, and the US to analyze the ambition and landscape in biofuels policy. Authors Rob Ackrill, professor at Nottingham Trent University, and Adrian Kay, professor at the Australian […]
In Brazil, Petrobras Biofuels will begin producing biodiesel from fish oil, buying 15 metric tons per month of fish waste from around 300 fishing families. Production will take place at the company’s facility in Quixadá, near Ceará. By the end of the year the company expects to purchase fish waste from 600 families.
In Brazil, the government is set to approve an increase to the ethanol blend during the first week of February above the current 27.5%. The exact level of the blend hasn’t been announced yet because tests on compatibility with the national fleet are still ongoing.
In Brazil, biomass power in Sao Paulo state is expected to become more economically viable once the Morro Agudo substation under development by CPFL Energia comes online. The region is home to many sugarcane mills producing sugar and ethanol. The substation was recently awarded permission to buy and sell power for 30 years at an […]
In Brazil, the government has announced it will raise one tax on gasoline and diesel on Feb. 1 and another tax 90 days later, a move which is expected to make both fuels more expensive at the pump and as a result drive demand for ethanol. The hope is that the move will encourage mills […]
In Brazil, Boeing and Embraer have opened a joint sustainable aviation biofuel research center in a collaborative effort to further establish the aviation biofuel industry in Brazil. At the Boeing-Embraer Joint Research Center in the São José dos Campos Technology Park, the companies will coordinate and co-fund research with Brazilian universities and other institutions. The research […]
In Brazil, a narrow trading window for ethanol exports to the US that opened in late November mixed with a weaker Real boosted exports in December to 132.9 million liters, up more than 44% over November, thanks in part to surging demand for Grade B ethanol to Southeast Asia. Overall 2014 exports were down on […]