xcel
11-01-2006, 06:25 PM
Annual ethanol exports to rise to 7 billion liters over the next six years, from 3.1 billion liters. (http://www.bloomberg.com/apps/news?pid=20601086&sid=aEDNoei.9g80)
Carlos Caminada/Carla Simoes - Bloomberg - Nov. 1, 2006
http://www.cleanmpg.com/photos/data/501/Brazialian_Sugar_Cane.jpg
Brazilian ethanol in the field of dreams - $0.60/gallon too!
Brazil, the world's largest ethanol exporter, will expand sugarcane acreage and output by about half over the next six years as demand for biofuel grows, supported by made higher oil prices, an industry leader said.
Eduardo Pereira de Carvalho, head of an association representing about 85 percent of sugar and ethanol production in Brazil, said cane output may rise 55 percent over the next six years to about 730 million metric tons, while planting may grow 45 percent to about 9 million hectares (22.2 million acres).
A doubling of oil prices over the past three years, which raised the cost of gasoline, has boosted demand for ethanol in Brazil and the U.S., while Japan and other countries plan to start using the biofuel as additive. Carvalho said he expects the price for a barrel of oil to remain near or above $60 in coming years, encouraging investments in ethanol production in Brazil.
``With oil prices around $60, the trend is for continuous progress in demand here and abroad,'' Carvalho, chairman of the Center-South Sugar and Ethanol Industry Association, said in an interview in Sao Paulo. ``We will have the incentive to continue to boost ethanol production.''
Brazilian ethanol exports jumped 91 percent last month from a year earlier to 545 million liters (144 million gallons) on surging demand from the U.S., the Trade Ministry said on its Web site today.
Carvalho said he expects annual ethanol exports to rise to 7 billion liters over the next six years, from 3.1 billion liters in the crop year ending April.
Domestic Demand
Demand for ethanol in Brazil will rise to 27 billion liters (7.1 billion gallons) over the next six years, from about 14 billion liters now, he said.
Brazil yesterday boosted the mandatory ethanol content in gasoline sold at pumps to help mills processing a record sugarcane crop sell the surplus production of the biofuel. Fuel distributors will have to add a 23 percent ethanol content to all gasoline sold to service stations starting Nov. 20, rising from a 20 percent mandate now.
Mills in Brazil turn about half of their sugarcane into sweetener and the rest into ethanol. Brazilian gas stations also sell the biofuel separately to power flex-fuel cars that can run on pure ethanol, gasoline or any mixture of the two.
Carlos Caminada/Carla Simoes - Bloomberg - Nov. 1, 2006
http://www.cleanmpg.com/photos/data/501/Brazialian_Sugar_Cane.jpg
Brazilian ethanol in the field of dreams - $0.60/gallon too!
Brazil, the world's largest ethanol exporter, will expand sugarcane acreage and output by about half over the next six years as demand for biofuel grows, supported by made higher oil prices, an industry leader said.
Eduardo Pereira de Carvalho, head of an association representing about 85 percent of sugar and ethanol production in Brazil, said cane output may rise 55 percent over the next six years to about 730 million metric tons, while planting may grow 45 percent to about 9 million hectares (22.2 million acres).
A doubling of oil prices over the past three years, which raised the cost of gasoline, has boosted demand for ethanol in Brazil and the U.S., while Japan and other countries plan to start using the biofuel as additive. Carvalho said he expects the price for a barrel of oil to remain near or above $60 in coming years, encouraging investments in ethanol production in Brazil.
``With oil prices around $60, the trend is for continuous progress in demand here and abroad,'' Carvalho, chairman of the Center-South Sugar and Ethanol Industry Association, said in an interview in Sao Paulo. ``We will have the incentive to continue to boost ethanol production.''
Brazilian ethanol exports jumped 91 percent last month from a year earlier to 545 million liters (144 million gallons) on surging demand from the U.S., the Trade Ministry said on its Web site today.
Carvalho said he expects annual ethanol exports to rise to 7 billion liters over the next six years, from 3.1 billion liters in the crop year ending April.
Domestic Demand
Demand for ethanol in Brazil will rise to 27 billion liters (7.1 billion gallons) over the next six years, from about 14 billion liters now, he said.
Brazil yesterday boosted the mandatory ethanol content in gasoline sold at pumps to help mills processing a record sugarcane crop sell the surplus production of the biofuel. Fuel distributors will have to add a 23 percent ethanol content to all gasoline sold to service stations starting Nov. 20, rising from a 20 percent mandate now.
Mills in Brazil turn about half of their sugarcane into sweetener and the rest into ethanol. Brazilian gas stations also sell the biofuel separately to power flex-fuel cars that can run on pure ethanol, gasoline or any mixture of the two.