Country produced record-high 43 billion liters of ethanol and biodiesel in 2023. Ethanol output rose by 15.5%, and biodiesel 20%.
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Government agency Conab expects a smaller sugarcane crop but a largest sugar production as the market is favorable.
An agreement signed between Unica and ApexBrasil at COP28 aims to facilitate meetings, events, and missions between Brazil and African and Asian countries. Evandro Gussi, CEO of Unica, told ANBA that ethanol is a quick, easy, and cheap solution for decarbonization.
The Abu Dhabi sovereign fund will invest BRL 500 million (about USD 97.82 million) in the Brazilian company in exchange for a 31.5% stake. The FIP Agroenergia holding fund will be in charge of preparations.
Brazilian minister of Mines and Energy, Bento Albuquerque, discussed the topic in New Deli. A similar attempt was tried before with the US.
Foreign sales by the industry amounted to USD 8.48 billion. Soy was the top seller at USD 2.62 billion shipped out, up 78.8% from a year ago.
Brazil exported USD 59 billion worth of goods from January to July, an all-time high for the period.
