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 24% growth will be driven by soybeans, maize and cotton, Brazil’s Agriculture Ministry reported.
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.
The Brazilian government will allow coffee, margarine, cheese, pasta, sugar, soy oil, and ethanol to enter the country tax-free. The new policy could help contain inflation.
Decline in ethanol sales and increase in sugarcane processing allowed Brazil to supply 30 million tonnes to the world sugar market.
Brazilian market consumed 32.8 billion liters of ethanol last year, mostly of the hydrated kind, which is used pure as fuel.
Brazilian minister of Mines and Energy, Bento Albuquerque, discussed the topic in New Deli. A similar attempt was tried before with the US.
Sugar and alcohol industry association participates in the show that has started this Monday (21) in the United Arab Emirates. The Ministry of the Environment is also in the stand organized by the Arab Chamber.
Survey from Conab shows that 2019-2020 sugarcane crop is poised to grow by 9.5% to 31.8 million tonnes.
Survey by the Brazilian National Company of Supply estimates a production of 33.58 billion liters for the 2018/2019 crop, a 223% increase over the last cycle.
During the 2018/19 crop, three of the five top destinations of the Brazilian commodity were Arab countries. The National Supply Company is expecting a record ethanol output.
