« Expert Says Corn Ethanol Is Changing Farm Outlook | Home | Agribusiness Stocks Lagging »
Brazil Sugarcane Industry Eyes EU Biofuel Market
By Mr Ethanol | January 25, 2008
EUbusiness:
Brazil, the world leader in making ethanol from sugarcane, is homing in on Europe’s biofuel market following a decision by the European Commission to combat climate change by reducing the dependency on petrol.
The EU plan calls for biofuels to be used in at least 10 percent of fuels used in transport in the 27-nation bloc by 2020.
For Brazil’s sugarcane industry, the news is seen as a golden export opportunity.
“We see this as very positive because it will allow the development and consolidation of the European biofuel market, which was in doubt without the defining of these goals,” said an international advisor to the Brazilian Sugar Cane Industry Association (UNICA), Geraldine Kutas.
The group, the biggest in the sector representing Brazil’s sugarcane producers, also welcomed the criteria Europe was to apply to biofuel use.
Brazil cosniders itself the world leader in biofuel production, with more than 30 years’ experience. Also, sugarcane has proven more efficient than other biomass, such as maize (corn), to make ethanol.
Topics: Brazil, Ethanol, Industry, Market |
Related Posts
- German Minister Approves Brazil Ethanol
- Brazil’s Leadership In Ethanol Was Born In The 1930s
- Mood Changes In Brazil Ethanol Mkt On US Senate Move
- Brazil Can Expand Ethanol And Keep Its Forests
- Brazil Sugar Co Sao Martinho Doubts 08 Ethanol Export Increase
- U.S. Eyes Brazil’s Ethanol Blueprint
- Analyzing The Brazilian Ethanol Industry
- Brazil Spends US$10 Million On Ethanol Campaign
- Good Sugarcane Harvest Means Ethanol Will Continue To Be Cheap In Brazil
- Oil Firms Eye Brazilian Shores For Acquisition Of Ethanol Acreage
New Way Of Making Easy Money Online