Tag: Brazil

Brazilian government approves new alternative tax-free financing for ethanol investments

Brazilian government approves new alternative tax-free financing for ethanol investments

June 18, 2019 |

In Brazil, Reuters reports that the government has agreed to allow sugar and ethanol companies to raise funds for boosting ethanol production through income tax-free notes in an effort to boost investment as part of the RenovaBio policy. The new rule signed during an ethanol conference in Sao Paulo this week will ensure those who […]

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Boeing to invest another $1 million in WWF and RSB work on sustainable Brazilian aviation biofuels

Boeing to invest another $1 million in WWF and RSB work on sustainable Brazilian aviation biofuels

June 18, 2019 |

In Brazil, Boeing announced a $1 million investment in Brazil’s efforts to establish a sustainable aviation fuel industry. The investment will focus on initiatives that maximize social, economic and environmental benefits to local communities engaged in the development of feedstock that can be used to produce sustainable aviation fuel (SAF). In 2018, the company provided […]

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Brazilian researchers find Amazonian fungus that produces key enzyme for ethanol production

Brazilian researchers find Amazonian fungus that produces key enzyme for ethanol production

June 18, 2019 |

In Brazil, a group of researchers at the University of Campinas (UNICAMP), working in partnership with colleagues at the Brazilian Biorenewables National Laboratory (LNBR) in Campinas, São Paulo State, Brazil, have discovered that Trichoderma harzianum, a fungus found in the Amazon, produces an enzyme with the potential to play a key role in enzyme cocktails. […]

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Copersucar sees E15 in the US boosting ethanol demand by 50%

Copersucar sees E15 in the US boosting ethanol demand by 50%

June 17, 2019 |

In Brazil, Reuters reports that Copersucar believes US ethanol demand will increase by 50% once year-round E15 is fully implemented with significant import demand ramping up over the next two to three years. The company’s subsidiary EcoEnergy imports Brazilian ethanol in the US and exports US ethanol to Brazil when arbitrage opportunities allow, with a […]

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Brazil auctions 984.44 million liters of biodiesel for B10 mandate

Brazil auctions 984.44 million liters of biodiesel for B10 mandate

June 11, 2019 |

In Brazil, Renewables Now reports that 984.44 million liters of biodiesel were sold at the Petroleum, Natural Gas and Biofuels Agency’s most recent biodiesel auction at an average of 60 cents per liter worth a total of $589.3 million. A total of 1.12 billion liters of biodiesel were offered for sale at the 67th auction, […]

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Brazilian competition watchdog OKs Czarnikow’s 49% of new ethanol venture

Brazilian competition watchdog OKs Czarnikow’s 49% of new ethanol venture

June 4, 2019 |

In Brazil, Reuters reports that competition authorities have greenlighted UK sugar broker Czarnikow’s 49% participation in a new ethanol trading joint venture with Vale do Tijuco Açúcar e Álcool SA and Canápolis Açúcar e Etanol SA. Expansion into ethanol a new move by the British firm that is one of the largest and oldest sugar […]

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Brazilian mills to be allowed direct ethanol sales to fuel retailers

Brazilian mills to be allowed direct ethanol sales to fuel retailers

June 4, 2019 |

In Brazil, Reuters reports that the government has decided to allow ethanol producers to market ethanol directly to fueling stations, a move pushed by many mills who have argued that it would increase efficiencies and lower costs while improving margins for mills. The economy ministry needs to develop some underlying tax regulations that could take […]

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Two biofuel-solar hybrid power plants score off-take contracts at Brazilian auction

Two biofuel-solar hybrid power plants score off-take contracts at Brazilian auction

June 3, 2019 |

In Brazil, biofuel-solar hybrid power generation took a big stride forward recently when two projects were awarded contracts to sell power to the national grid at auction that will start providing electricity to Boa Vista and surrounds from June 28, 2021. The 56MW BBF project was awarded a contract for $136.8 million while the 11MW […]

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Canaplan sees Brazilian mills using up to 66% of cane for ethanol in 2019/20

Canaplan sees Brazilian mills using up to 66% of cane for ethanol in 2019/20

May 30, 2019 |

In Brazil, Reuters reports that Canaplan has increased its estimate of cane crushed for ethanol production during the 2019/20 season to between 65.5% and 66%, jumping from its estimate in April at the start of the crush of 62%. As a result, ethanol production for the season could reach 29.5 billion liters from its April […]

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Atvos files for bankruptcy protection

Atvos files for bankruptcy protection

May 30, 2019 |

In Brazil, Renewables Now reports that Atvos, owned by Odebrecht, failed to make payments on its $250 million loans to Lone Star Funds and Castlelake at the end of 2017 so has filed for bankruptcy protection. The company currently produces around 10% of Brazilian ethanol. Atvos had pledged 30% of its sugarcane production as collateral […]

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