All Entries Tagged With: "brazil"
ETH Bioenergia, Braskem sign three-year, 39 million gallons ethanol deal
In Brazil, ETH Bioenergia announced that it has signed a three year agreement with Braskem to supply 40 million gallons of ethanol to the petrochemical giant. ETH’s management said that the off-take deal would take effect in the second half of 2010.
ETH, which is a subsidiary of Odebrecht and reportedly is in merger talks with [...]
Petrobras targets 15 percent ethanol, 25 percent biodiesel market share in Brazil
In Brazil, Petrobras Biocombustível CEO Miguel Rossetto said that the Brazilian state oil giant has targeted $2 billion in biodiesel and ethanol investment through 2013, and aims to achieve a 15 percent share of the Brazilian ethanol market and up to 25 percent market share in biodiesel.
Rossetto said that the company will commence ethanol production [...]
UNICA says EPA is undercounting GHG emission reduction in Brazilian ethanol
In Brazil, UNICA released details of its 4-page response to the US EPA, UNICA suggested that EPA is wrong in concluding that Brazilian cane ethanol reduces GHG emissions by 44% considering a 2005 gasoline baseline.
UNICA said that the actual figure is an 82 percent reduction in GHGs. out that sugarcane ethanol would reduce GHG emissions [...]
Brazil expecting record soybean harvest as global corn prices fall
In Brazil, Bloomberg is reporting that Brazil is looking at a record soybean harvest after US corn prices have plunged, dampening enthusiasm for planting maize.
Soybean prices have dropped 5.5 percent this year, while corn prices are off 18 percent and more than 50 percent off 2008 highs that reached $8 per bushel. In addition, favorable [...]
UNICA reports that Brazilian sugarcane harvest slows in September, still above 2008/09
In Brazil, UNICA reports that the total amount of sugarcane processed in the first half of September reached 29.59 million tons, 13.06 % lower than in the same period a year ago. Total recoverable sugars obtained per ton of cane were 11.30 % lower than last year. Excessive rains reduced the use of crushing time, [...]
Brazil’s Sao Martinho reported to be on ethanol, sugarcane acquisition hunt
In Brazil, Bloomberg is reporting that the third-largest sugar refiner, Sao Martinho, has commenced talks with other mills regarding potential acquisitions. The news comes in the wake of a doubling of global sugar prices, in part due to a failed sugarcane harvest in India.
Sugar is now trading at more than 23 cents per pound. According [...]
UNICA supports new zoning proposal for Brazilian sugarcane, with modifications
In Brazil, after a detailed analysis of the Agro-Ecological Zoning proposal put forth by the Lula Administration today, UNICA said that it had identified specific points that raise concerns and may need to be addressed prior to final approval by Brazil’s Congress. One such concern involves the challenges in defining the concept of food security [...]
Brazil approves three new varietals of genetically modified corn; up to 30 percent of harvest now GMO
In Brazil, Reuters is reporting that the national government has approved two varietal of genetically modified corn, produced by Monsanto and Syngenta; the modifications increase corn’s resistance to pests and herbicides. Also, the government approved a new varietal developed by Syngenta with pest resistant qualities.
According to the report, nine GMO varietals are approved for corn [...]
Brazil proposes new sugarcane regs, limiting cane production to 158 million acre parcel
In Brazil, the national government proposed sweeping new regulations for the sugarcane industry, that would make up to 92.5 percent of Brazilian lands unavailable for sugarcane cultivation (when combined with acreage unsuitable for sugarcane) . The legislation proposed restricting the development of plantations in place of native vegetation, or in any case in the Amazon, [...]
Brazilian flex-fuel cars now have 94 percent market share for new sales; ethanol at 65 percent discount to gasoline cost
In Brazil, UNICA is reporting that heavy rains in South-Central Brazil caused a 23.8 percent fall in sugarcane production in the second half of August, and poor weather conditions are expected to continue to reduce harvesting activities in São Paulo, Mato Grosso do Sul and Parana states. However, 18 new sugarcane mills are expected to [...]
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50. Lotus/Jaguar – Omnivore -
