Tag: Brazil

Cosan sees Brazilian ethanol market remaining tight as mills keep focus on sugar

Cosan sees Brazilian ethanol market remaining tight as mills keep focus on sugar

February 20, 2017 |

In Brazil, Cosan says the domestic ethanol situation remains tight, providing for better margins than otherwise would be as cane millers continue to focus on sugar production while the global market remains in the last phases of deficit. The company plans to invest up to $777 million in cane this season, perhaps 15% more than […]

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Tereos finalizes purchase of Petrobras’ 45.9% Guarani stake

Tereos finalizes purchase of Petrobras’ 45.9% Guarani stake

February 7, 2017 |

In Brazil, Tereos made the $202 million cash payment and other conditions set out for the purchase of Petrobras’ 45.9% stake in Guarani, making the French company the 100% sole owner of Guarani’s eight sugar and ethanol assets in Brazil and Mozambique. The deal was agreed in December as Petrobras’ final divestiture from the ethanol […]

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Fitch Ratings sees Brazilian mills continuing to focus on sugar despite ethanol demand

Fitch Ratings sees Brazilian mills continuing to focus on sugar despite ethanol demand

February 2, 2017 |

In Brazil, high sugar prices are expected to offset the potentially negative impact on profitability coming from higher taxes on ethanol in the Brazilian sugar and ethanol (S&E) Industry, according to Fitch Ratings. World sugar prices are expected to remain high in 2017 due to positive industry fundamentals relative to increasing demand and declining production […]

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Brazilian mills produce 67.81 million liters of sugarcane ethanol during H1 January

Brazilian mills produce 67.81 million liters of sugarcane ethanol during H1 January

January 31, 2017 |

In Brazil, mills produced 67.81 million liters of ethanol during the first half of January, 48.84 million liters of which was hydrous ethanol. Most mills had already closed for the season by January 1 but 11 continued to produce sugar and ethanol during the first half of the month. Nearly 25 billion liters was produced […]

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Glencore on the hunt for a third Brazilian mill

Glencore on the hunt for a third Brazilian mill

January 25, 2017 |

In Brazil, Glencore is looking to expand its footprint in the country beyond its current two sugar mills, one of which it is taking control of in the next couple of days. The third mill could potentially be a partnership with Odebrecht Agroindustrial for the Alcidia mill in the southwestern part of Sao Paulo. Odebrecht […]

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Brazilian ethanol sales fall further in December

Brazilian ethanol sales fall further in December

January 17, 2017 |

In Brazil, UNICA said hydrous ethanol sales fell by more than 20% on the year in December to 1.13 billion liters. Even though anhydrous sales also fell, it was as drastic as hydrous at 906.52 million liters from 936.54 million liters last year. Less than 75 million liters of the more than 2 billion liters […]

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Brazilian mills still riding a sugar high to ethanol’s detriment

Brazilian mills still riding a sugar high to ethanol’s detriment

January 9, 2017 |

In Brazil, mills will continue to produce more sugar than ethanol in 2017 as the industry continues to ride higher sugar prices before the global supply deficit swings towards a surplus later in the year that will weigh on prices again. CEPEA expects hydrous ethanol production to fall in light of recent tax changes that […]

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Brazilian mills sell 3% more hydrous during H1 December

Brazilian mills sell 3% more hydrous during H1 December

January 5, 2017 |

In Brazil, during the first half of December, mills sold 3% more hydrous ethanol than during the previous two-week period at 552.62 million liters. Anhydrous ethanol sales were barely more than flat at 438.80 million liters. Of the more than 1 billion liters sold during the period, about 30.4 million liters were intended for export. […]

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Brazil’s ANP gives Caramuru Alimentos the OK for new $7.5 million biodiesel plant

Brazil’s ANP gives Caramuru Alimentos the OK for new $7.5 million biodiesel plant

January 3, 2017 |

In Brazil, Caramuru Alimentos, one of the largest domestic grain processors of, received authorization from the National Petroleum, Natural Gas and Biofuels Agency (ANP) to build its biodiesel plant in Sorriso, Mato Grosso. The authorization was published on Friday in the Federal Official Gazette. The plant, which will be built in the industrial complex that […]

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Brazilian ethanol supplies to be short thanks to sugar bringing in $100 more per ton

Brazilian ethanol supplies to be short thanks to sugar bringing in $100 more per ton

January 2, 2017 |

In Brazil, sugar mills’ focus on sugar production rather than ethanol during the 2016 crush is expected to support ethanol prices due to a lack of supply. Platts says that since the official start of the crush on April 1 through December 21, sugar produced for export fetched nearly $100 per metric ton more than […]

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