Petroecuador signs $95 million ethanol offtake agreement with industry for E5

In Ecuador, state-owned Petroecuador signed a $95 million offtake agreement for anhydrous ethanol from domestic producers Consorcio Artesanal Cado, Producargo S.A., Codana S.A. y Soderal S.A for the commercial roll out of the Ecopaís retail fuel to be marketed in eight provinces. The fuel is a 5% ethanol blend with gasoline launched in 2010 at 19 gas stations that is now sold in 372 gas stations. Private sector investment in ethanol reached installed production capacity of 75 million liters this year, from just 33.6 million liters in 2015.