Tag: Brazil

BNDES OKs $116M in financing for Abengoa cellulosic ethanol plant in Sao Paulo State

BNDES OKs $116M in financing for Abengoa cellulosic ethanol plant in Sao Paulo State

December 19, 2014 |

In Brazil, the National Bank for Economic and Social Development (BNDES) approved $223.38 in financing for four sugarcane projects. The largest announced financing is for Abengoa Bioenergy SA Agribusiness, which will receive $116.8M to implement its second-generation ethanol plant. The new project will be integrated with the Usina São Luiz first-generation ethanol plant in Pirassununga, in São Paulo […]

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UNICA says hard for ethanol to compete with $60 oil as nine more mills shut

UNICA says hard for ethanol to compete with $60 oil as nine more mills shut

December 19, 2014 |

In Brazil, UNICA says that ethanol and all renewable energies become a challenge with oil at $60 per barrel, but that the choice of ethanol over gasoline has to be about more than just price. The ethanol industry is suffering from a lack of confidence, which has partly led to more mills mothballing. Nine more […]

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Brazil’s CTBE signs MOU with York’s Biorenewables Development Centre

Brazil’s CTBE signs MOU with York’s Biorenewables Development Centre

December 19, 2014 |

In the UK, Brazil’s National Laboratory of Science and Technology of Bioethanol (CTBE) has signed a Memorandum of Understanding (MOU) with the Biorenewables Development Centre (BDC), based in York. For the past five years, plant biologists, geneticists and green chemists from across Europe have been working with CTBE experts on sugarcane breeding and bioethanol production, […]

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Iogen’s cellulosic ethanol plant in Brazil comes online

Iogen’s cellulosic ethanol plant in Brazil comes online

December 17, 2014 |

In Canada, Iogen and Raizen announced they have begun production of cellulosic ethanol on schedule at Raizen’s newly expanded Costa Pinto sugar cane mill in Piracicaba, Sao Paulo, Brazil. Raizen broke ground on the $100 million “biomass-to-ethanol” expansion just over one year ago. The new facility will convert biomass such as sugar cane bagasse and […]

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Brazil’s ANP clears Amyris’ farnesene in jet fuel at up to 10%

Brazil’s ANP clears Amyris’ farnesene in jet fuel at up to 10%

December 16, 2014 |

In Brazil, Amyris welcomed the approval of its renewable jet fuel by Brazil’s fuels regulator, ANP, clearing the way for the commercialization in Brazil of the Amyris renewable jet fuel in blends of up to 10 percent. “Building on the revised ASTM International standard for aviation turbine fuel approved in June, Brazil’s ANP last week […]

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Latest Brazilian biodiesel auction sells 667.8 million liters

Latest Brazilian biodiesel auction sells 667.8 million liters

December 15, 2014 |

In Brazil, the country’s 40th biodiesel auction held on Dec. 9 saw 667.8 million liters of biodiesel sold, of which 98.6% came from producers holding the social seal. The average price was BRL2.194 per liter. A total of 40 producers offered 764.5 million liters at the auction. The fuel will be used to supply the […]

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UNICA says hydrous ethanol at 65% of gasoline price

UNICA says hydrous ethanol at 65% of gasoline price

December 3, 2014 |

In Brazil, UNICA says that hydrous ethanol prices are falling, which will in turn boost demand for ethanol consumption domestically. Currently ethanol is at BRL1.88 compared to BRL290 per liter of gasoline, putting ethanol at about 65% the price of gasoline compared to the rule of thumb that says 70% is the breakeven mark based […]

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Brazil’s South Central sugarcane processing down 28.45% from last year

Brazil’s South Central sugarcane processing down 28.45% from last year

December 1, 2014 |

In Brazil, sugarcane processing in the South Central Region fell 28.45% short of last year’s numbers, coming in at 23.12 million tons compared to 32.31 million last year. The crush fell only 1.24% from last year, to 538.38 million tons. The 2024/2015 season is said to be winding down than the previous growing season, especially […]

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Fitch Ratings gives negative outlook for Brazilian ethanol sector in 2015

Fitch Ratings gives negative outlook for Brazilian ethanol sector in 2015

November 27, 2014 |

In Brazil, the outlook for the Latin America sugar and ethanol sector is negative for 2015, according Fitch Ratings. Sluggish recovery of international sugar prices, limited availability of working capital financing and modest increase in domestic ethanol prices should continue to pressure the credit quality of most issuers in the industry, according to Fitch’s 2015 […]

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Cosan sees political situation improving for ethanol in 2015

Cosan sees political situation improving for ethanol in 2015

November 27, 2014 |

In Brazil, Cosan is positive about the ethanol market in 2015 thanks to two policies it expects to come through shortly that will support producers: the potential reintroduction of a tax on gasoline known as Cide that would in turn make ethanol more competitive, and the boost in demand resulting from increasing the blend to […]

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