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!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES 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.


Can the Climate Movement Break Free from the ‘Jobs vs. Environment’ Debate?

Where unions and greens coalesced around confronting rampant workplace …

Peak Oil Review - May 2

 A weekly roundup of peak oil news including: -Quotes of the Week -Oil …

The Debacle at Doha

Sunday, April 17th was the designated moment. The world’s leading oil …

Is Peak Oil Dead and What Does it Mean for Climate Change?   

This session seeks to bring together fossil fuel experts and climate experts …

Peak Oil Review: A Midweek Update - Apr 28

 A midweek update. Oil prices continued to climb this week, capped …

San Francisco Becomes First Major City to Require Solar Panels on New Buildings

San Francisco is one step closer to its goal of transitioning to 100 percent …

The Outlook for Electric Vehicles  

Electric vehicles are all the rage right now, and hopes are high that we …