Brazil is likely to produce 41 million tonnes of sugar in the 2020/21 campaign, according to the consultancy Job Economia, reported Reuters.
Ethanol production in the 2020/21 campaign is expected to fall by up to 24% compared to the 19/20 season, according to the analysis by the research economist Haroldo Torres at Pecege (Continuing Education Program in Economics and Business Management).
The Indian government had received hundreds of proposals from sugar mills seeking a soft loan under the newly legislated national biofuels policy encouraging expansion in capacity through new build activity. However, ethanol production capacities haven’t come on-stream at the desired pace despite swift approval from the food ministry to the proposals, according to local press reports.
On the back of RenovaBio policy, the biofuel sector is expanding as sugar-energy groups invest in increasing capacity.
Researchers at the University of Illinois show that implementing fractionation techniques that separate corn components prior to fermentation can improve the profitability of ethanol production.
Chinese commodities trader COFCO International is to expand ethanol production at its four mills in Brazil to increase its competitiveness as returns from sugar are disappointing, reported Reuters.
USA – Trump’s administration granting small refinery exemptions hurts the ethanol industry [Registered]
As the US President Donald Trump faces with mounting anger in the farm belt over policies that allow oil refineries to use less corn-based ethanol, dismal economics that has plagued the US ethanol industry for the past year-and-a-half is beginning to have a significant impact with some plants being shut down or cut back severely on production.
Brazil – Investment of US$26.4 billion needed to realize RenovaBio’s target of 50 billion litres ethanol by 2030 [Full subscriber]
The cane industry which welcomed the new biofuels policy RenovaBio in December 2017 will probably struggle to expand output from the current 33 billion litres of ethanol to the target of 50 billion litres by 2030, according to local press reports.
India is set to close in on the highest ever ethanol blend in gasoline of 7.2% in the current season (December 2018 – November 2019), according to local press reports.
The Brazilian government will allow sugar and ethanol companies to issue tax-exempt bonds for financing agricultural projects as well as industrial ones, according to Valor Economico.