Author: Gabriel Kawamura Pomerancblum

According to a report by the National Association of Vehicle Manufacturers (Anfavea) for February, 84% of all vehicles sold in Brazil were flex-fuel. To the president of the association, Rogelio Golfarb, this goes to show that Brazil has both technology and demand for ethanol, which should be one of the main topics in the conversation between presidents George W. Bush of the United States and Luiz Inácio Lula da Silva from Brazil, scheduled for this week.

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The sector forecasts a rapid increase in foreign investments due to the imminent boom in the international alcohol market. Multinational companies are either buying plants or announcing new enterprises, with an eye on the transformation of the fuel into a global commodity, which is interesting not only to Brazil, but also to the United States. The sector should continue to grow by more than 10% annually in years to come.

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