Building a world of
resilient communities.

MAIN LIST

 

Brazil's ethanol exports soar; Coimex inks export agreement with Thailand

RIO DE JANEIRO, Sept. 14 -- High international oil prices mean that Brazilian ethanol is rapidly winning a place in new markets, according to findings by consultant Júlio Maria Borges, director of the JOB Economy & Planning consulting firm in Brazil.

Borges said that, between May and July, the country exported 764 million l. of ethanol, compared with 92 million l. over the same period last year, an increase not based entirely on the environmental appeal of ethanol as a less polluting car fuel.

"This growth is motivated by prices," he said. "With oil prices hovering at $40-50 on the international market, ethanol at $32-33/bbl becomes attractive."

Borges said that the hotter rhythm of current exports means ethanol sold to new markets this year should exceed the initial forecast in May of 1.6 billion l. He now says 2004-05 shipments could total 1.9-2 billion l.

Coimex ethanol exports
A spokesperson for Grupo Coimex subsidiary Coimex Trading, Brazil's largest ethanol exporter, told OGJ it plans to invest $50 million in the ethanol sector over the next 2 years.

Coimex recently reached an agreement with Thailand's state-run oil company PTT Public Co. Ltd. for infrastructure to transport and distribute ethanol there.

Coimex is seeking a similar accord with Brazil's state-owned oil company Petroleo Brasileiro SA (Petrobras) to expedite ethanol transportation to ports. Despite the deregulation of Brazil's petroleum sector in 1997, Petrobras still owns most of the country's oil and gas transport infrastructure.

In addition, Coimex said it intends to become an ethanol producer by acquiring stakes in local ethanol plants.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Start your own projects. See our RESOURCES page.
Make connections via our GROUPS page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


IEA report: US shale oil growth practically zero in 2017

US growth is seen to decline to a meagre 160 kb/d by 2017. That is plausible …

Richard Heinberg on Our Renewable Future

Richard Heinberg discusses our renewable future and how to get there.

Peak Oil Review - Mar 2

A weekly roundup of peak oil news, including: -Oil and the global economy …

Oil Prices Don’t Change Because of Rig Count

Oil prices don’t change based on weekly rig count reports. Yet every …

Energy policy - Mar 1

Syriza: another energy is possible / Renewable energy grab in the Sahara? / …

The Great Game in the Holy Land

Guess what? Almost all the current wars, uprisings, and other conflicts in …

North Dakota Considers Weakening Standards on Radioactive Drilling Waste as Oil Prices Collapse

As the collapse of oil prices threatens North Dakota's shale drilling rush, …