In Brazil, Petrobras, the state oil company, has established Suape, a deepwater port in the northeastern state of Pernambuco near Recife, as its base for ethanol exports to Europe. The company has so far signed agreements for export of 2 million gallons of ethanol to Europe.
Last month in Europe, the price of wheat rose to a record $370.55 per metric ton, putting pressure on European ethanol profitability. Wheat-producing areas of Europe experienced drought in the spring and heavy rains during the summer, while heat and drought hit hard in Eastern European wheat growing areas such as the Ukraine.
Europe has traditionally lagged in ethanol production, but leads globally in production of biodiesel.
In Brazil, state oil company Petrobras announced that they would construct a pilot cellulosic ethanol plant by 2010. The pilot plant would produce 740 gallons of ethanol from 10 tons of sugar bagasse....
In Brazil, the head of Petrobras, the Brazilian state oil company, said the United States should eliminate or reduce the tariff on ethanol imports because US use of corn for ethanol was driving up wor...
In Brazil, ethanol production reached a record 384 million gallons in October, but unlike the US where increased production is resulting in a glut, Brazil is facing an ethanol shortage as soon as next...
In Brazil, questions have emerged about the scalability of the Brazilian ethanol "miracle" owing to the low wages, long hours, health problems and squalid conditions associated with sugar cane field w...
The declining US dollar has created problems for the Brazilian ethanol industry. "Of the roughly 80 ethanol mills that were announced to be built in the 2007-08 market year, 11 of them have already st...
In Brazil, Petrobras has set an export target of 1.2 billion gallons for 2012, including both first- and second-generation ethanol. The company linked this export target to its plans for an ethanol pi...
