President Bolsonaro’s administration recently passed a bill that sets a ceiling on ICMS (state tax) levied on fuel, electricity, telecommunications, and public transport services. According to Valor Economico, this may end up hurting sales of hydrous ethanol.
Companhia Melhoramentos Norte do Paraná (CMNP) has closed an agreement to purchase the sugar and ethanol plant Vale do Paraná, located in Suzanápolis (Sao Paulo state).
Brazil – Jalles Machado buys sugar-ethanol Santa Vitória plant for over US$137 million [Full subscriber]
The sugar-ethanol company Jalles Machado announced the purchase of Usina Santa Vitória on 5th May for BRL704.86 million (US$137.32 million), pending regulatory oversight.
Brazil – Raízen and Geo Energética partner to build new US$60 million biogas plant [Full subscriber]
Raízen and Geo Energética are partnering to construct the second biogas plant.
Acreage of genetically modified (GMO) cane resistant to stem borer Diatraea saccharalis is expected to double this year as the new season commences, according to Centro de Tecnologia Canavieira (CTC), reported Reuters.
Brazil – Shell collaborates with Unicamp to produce biohythane from vinasse and filtercake [Full subscriber]
Shell is investing BRL6 million (US$1.24 million) over the next four years to advance the production of biohythane, a gaseous blend of biologically derived hydrogen and methane from by-products (vinasse and filtercake) of sugar processing and cane-based ethanol production. This includes installing a pilot plant.
The Brazilian government has waived until December 31 its 18% import tariff for a handful of products, including ethanol.
Brazilian state-run oil company Petrobras announced hefty fuel price increases on 10th March, triggered by the rise in the crude oil price over the Ukraine crisis. This could result in a significant reduction in sugar output in 2022/23 when the new campaign commences in April.
India is entertaining the prospect of a negotiated solution with Brazil, Australia and Guatemala following the World Trade Organization’s dispute settlement panel upholding the complaint that subsidies for India’s cane growers and sugar exports were in breach of international trade rules, reported Valor Economico.
Brazil – Embrapa scientists introduce gene-edited cane varieties that produce more sugar and cellulosic ethanol [Full subscriber]
Scientists from Embrapa Agroenergia in Brazil have developed two sugarcane varieties using CRISPR gene-editing technology.