Stations in large cities have avoided raising gasoline prices to maintain sales, despite rising refinery costs. Since April, the wholesale cost increased by 59%, while prices at the pump fell 4% in the state of São Paulo, according to data from Petrobras and the National Petroleum Agency (ANP), reported Bloomberg.
Greenlane Renewables recently announced that its wholly-owned subsidiary, Greenlane Biogas North America Ltd., has signed a CA$2.4 million (US$1.8 million) contract with the Brazilian sugar and ethanol producer Grupo Cocal to upgrade its biogas production system.
Brazil – Maracajá Bioenergia invests US$100 million for corn-ethanol plant in Mato Grosso [Full subscriber]
The North American Lucas E3 announced on 6th May an agreement with the Brazilian Maracajá Bioenergia for the construction of a corn ethanol plant in Mato Grosso, according to Reuters and local press reports.
Vessel logjam at Brazil’s Santos port as importers rush to stockpile sugar in advance of potential paralysis from the Covid-19 outbreak [Full subscriber]
Fears that the coronavirus outbreak in Brazil will paralyze the export of sugar have made dry bulk ship operators rush to send ships to major port Santos. More than 70 ships are lined up at Brazil’s port of Santos to load sugar for export in a queue that may take a month to clear, reported Reuters.
The National Bank for Economic and Social Development (BNDES) approved on 4th June a credit line of BRL3 billion (US$586 million) to finance the storage of ethanol, to support drop […]
An influx of cheap US and Brazilian ethanol threatens Europe’s producers as businesses resume operations, companies have told the European Commission, urging it to act to protect an industry reeling from depressed demand, reported Reuters.
Fuel consumption declined sharply in Brazil in April, amid the impact of isolation measures taken to stem the spread of coronavirus, with demand for ethanol plummeting 49% year-on-year, said the minister of Mines and Energy, Bento Albuquerque, reported Reuters.
Brazil – 25% of sugar-ethanol plants under threat of closure amidst falling demand due to Covid-19 pandemic [Registered]
A quarter of the sugar and ethanol plants are in the danger of closing down by the end of the year because of the coronavirus crisis, according to informed sources in the country.
The dispute settlement panel of the World Trade Organisation is unlikely to come out with its report on a case against India’s support measures for the sugar sector before the second quarter of 2021 on account of “complex procedural and factual nature of the disputes”, the WTO said in a press release on 29th April.
Brazil is likely to produce 41 million tonnes of sugar in the 2020/21 campaign, according to the consultancy Job Economia, reported Reuters.