In Brazil, Vibra Energy and the Copersucar SA announced the creation of a joint venture to trade anhydrous and hydrated ethanol. The goal is to create an integrated, open ethanol trading platform for all producers, distributors and brokers who want to do business with the JV to make operations in this segment even more productive. […]
In Brazil, Reuters reports that Copersucar says it expects the global ethanol market to recover gradually and that the US may even increase its exports to Brazil later in the year, especially in the North-Northeast region due to mills focusing on sugar and sugar exports this season. In the season that ended in March, the […]
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 […]
In Brazil, Reuters reports that Copersucar will boost its ethanol production to 4.5 billion liters this season, up from 4.3 billion liters last year. That’s from a 3% smaller anticipated cane crush of 83 million metric tons. Currently, ethanol gives the equivalent of 16 cents per pound of sugar compared to raw sugar prices sold […]
In Brazil, Copersucar expects ethanol production to reach 27.5 billion liters in the season starting April 1, 5.4% more than the year prior, with a total of 585 million metric tons of cane crushed during the April 2018-March 2019 period. The crush estimate is 10 million tons lower than this past year’s season. Datagro, on […]
In Brazil, BP Biofuels and Copersucar announced that they have agreed to form a joint venture to own and operate a major ethanol storage terminal in Brazil, better and flexibly connecting ethanol production with the country’s main fuels markets. The 50/50 joint venture will own and operate the Terminal Copersucar de Etanol in Paulínia in […]
In Brazil, Copersucar expects sugar mills to continue their focus on ethanol production over sugar in the next center-south sugarcane harvest set to kick off in April. The company’s CEO says with the same amount of cane likely to be crushed next year as this year, it could account for an extra 1 billion liters […]
In Brazil, Copersucar says that ethanol demand could jump by 2.11 billion gallons a year if the government eliminated the price cap on gasoline. Analysts estimate Petrobras is discounting gasoline prices by up to 15% compared to international prices. Boosting the ethanol blend in gasoline to 27.5% from the current 25% would increase demand by […]
In Switzerland, Copersucar and Cargill announced today an agreement to combine their global sugar trading activities into a new joint venture that will originate, commercialize and trade raw and white sugar. The joint venture, in which both Copersucar and Cargill will own a 50-percent stake, will have a global footprint. Both companies’ ethanol businesses and […]
In Brazil, Copersucar will receive a USD$217.7 million loan from state development lender Banco Nacional de Desenvolvimento Economico e Social for storage of renewable fuel. Several banks will distribute the funds, furnished through BNDES’s PASS credit line. The terms of the loan are thusfar undisclosed. More on the story.
