Brazilian sugar companies are increasing their capacity to produce ethanol in the face of depressed global sugar prices and government policies expected to boost demand for the biofuel, reported Reuters.
USA – Governor Ricketts inaugurates US$50 million biobased ethyl acetate plant in Nebraska [Full subscriber]
Governor Pete Ricketts inaugurated the Prairie Catalytic, LLC’s new US$50 million biobased ethyl acetate production facility in Columbus, Nebraska on 4th September, according to a press release from the governor’s office.
The government has so far received around 150 proposals from sugar mills seeking soft loan under the newly legislated national biofuels policy encouraging expansion and setting up of a new ethanol capacity, a senior Food Ministry official said, according to local press reports.
The heavily indebted sugar-ethanol sector in the country is paving way for expansion in corn-based ethanol, reports Bloomberg.
The India-based Godavari Biorefineries Ltd. (GBL) will be re-commencing its production of bio-based acetic acid at its Sakarwadi facility in Maharashtra from August 2018 using molasses-based ethanol for feedstock.
Brazil – Ethanol reserves rising, prices falling, increased sugar production likely [Full subscriber]
As ethanol prices tumble amidst rising stockpiles and storage capacity becoming increasingly limited, the prospect of sugar output increasing seems likely, according to Bloomberg.
The Indian government has decided to increase the ex-mill price of ethanol derived out of the C-molasses, by almost INR3 per litre to INR43.70 (USȼ64) per litre for the next contract period starting from December 1, 2018 in a bid to cut India’s oil import dependence as well as support the sugarcane industry, Finance Minister Piyush Goyal told reporters after a meeting of the Union Cabinet headed by Prime Minister Narendra Modi on 27th June.
After several failed attempts to sell its sugar business, the BK Birla Group is setting up a distillery at an estimated cost of INR800 million (US11.8 mln) to make the unit viable, according to local press reports.
Angola – Biocom’s new build project continues to expand production of sugar, ethanol and power [Full subscriber]
Angolan bioenergy company Biocom expects a turnover of US$300 million this year from the output and sale of 100,000 tons of sugar, 20,300 cubic meters of ethanol and 110-gigawatt hours of electricity, according to local press reports.
Following the credit crunch in 2008, the sugar-ethanol sector in Brazil continues to be heavily indebted, according to local press reports.