Raizen expects EVs not to negatively impact demand for biofuels
In New York, Reuters reported that certain industries will have to continue relying on the use of biofuels to reduce emissions where electrification is not a feasible option, according to Paula Kovarsky, chief strategy officer at Brazilian biofuels producer Raízen.
The executive said that demand for biofuels will also continue to exist in countries that produce the biofuel and where adoption of EVs is growing at a slow pace, such as Brazil and India.
“I imagine that for automakers, in the same electric car model that would have a battery in Europe or the U.S., they could change that battery for a fuel cell in Brazil or India and use ethanol,” the executive was quoted as saying.
Kovarsky said she sees potential for ethanol to be used in sustainable aviation fuel or as a bio bunker fuel for vessels. The executive noted that these latter are areas where batteries and electrification would be hard to use, according to the report.
Category: Fuels
