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Last update: 09.07.2011
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Brazil still weighs cut in ethanol blend
Source : reuters.com
Brazil's government is still considering reducing the share of ethanol in the country's gasoline blend even though prices of the biofuel have begun falling, Energy Minister Edison Lobao said on Thursday. All gasoline sold at filling stations in Brazil contains 25% of anhydrous ethanol derived from sugarcane to help reduce fossil fuel consumption and promote ethanol production. But with prices of the biofuel hitting record levels in recent weeks between cane harvests, authorities have said they could reduce the share to 20%. This would help ease price pressures on automotive fuel. Already about 200 of the 335 mills in the main center-south cane region have started the new cane season, helping to push ethanol prices down. "We are producing much more (ethanol) and, from next week, prices that already started to decline will continue falling", Lobao told a news conference, adding that "the government continues weighing" a reduction in the blend.
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2 May 2011 |
Politics ::
Bioethanol ::
South & Latin America
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Articles on the topic of bioethanol (231 articles)
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