In China, June ethanol imports soared to 20,643 cu meters from just 100 cu meters a year ago, led by exports from the US and Pakistan. Pakistan led the export push with 15,507 cu m of undenatured ethanol thanks to a duty-free trade agreement it has with China. Fuel-grade ethanol is on its way to […]
In Brazil, Raizen has secured its first export orders for cellulosic ethanol to Europe, and on top of that received a 26% premium over conventional ethanol prices of roughly 35 cents per gallon. The 26 million liter per year Piracicaba cellulosic ethanol plant was inaugurated on Wednesday but has been producing since December as it […]
In Brazil, nine vessels were waiting to load ethanol from the Port of Santos last Thursday, five more than were waiting the week prior. A total of 128 million liters of ethanol for both fuel and industrial uses were waiting to load, a sharp increase from the previous week’s 48 million liters. In addition, about […]
In Brazil, hydrous ethanol sales rose 41% during the first half of 2015, while gasoline with 27% blended anhydrous ethanol fell 5.8%. Diesel sales also fell 2.4%. Ethanol demand increased thanks to Petrobras boosting gasoline and diesel prices more in line with international prices while Minas Gerais introduced a beneficial tax regime for ethanol.
In Brazil, sugarcane economics in Brazil are following those in India, with cane production averaging up to $28.64 per metric ton but only making around $22.28 from its sale as sugar and ethanol. As such, another 10 mills have been mothballed this season, bringing the total to around 50.
In Brazil, hydrous ethanol’s parity against gasoline in the southeast has fallen to its lowest since 2010 at 63.7%. It is the 19th consecutive week that ethanol parity has fallen. Even so, drivers continue to shy away from pumping 100% hydrous, with consumption down 0.78% from the previous week.
In Brazil, ethanol consumption has fallen to just 36% of the transport fuel mix, down from 54% six years ago, which equals about 16% of the country’s overall energy mix. During that time, 300,000 jobs were lost in the industry. The ANP argues that the government has the legal tools to help the sugarcane and […]
In Jamaica, the government wants to boost its ethanol blend to 20% from the 10% it has had in place since 2008. Most of the ethanol currently blended is imported from Brazil, with some also coming in from the US, but the country wants to move towards producing its own ethanol despite the local industry […]
In Brazil, despite looking to sell off the majority of its ethanol assets in nothing less than a fire sale, Petrobras’ CEO says the company still believes ethanol is key for the company to reduce its dependence on foreign oil. He said Petrobras is keeping fuel prices in line with market forces.
In Brazil, Odebrecht plans to boost its cane crush this year by 15% and in turn boost ethanol production by 22% from the 1.58 billion liters is produced last year. The company plans to invest $193 million this year, betting on bioenergy, despite the lowest sugar prices in more than six years. Last year it […]