28 Jul '13, 5pm

Brazil Set to Profit from Surge in Ethanol Demand

Brazil Set to Profit from Surge in Ethanol Demand

Ethanol is in high demand in Brazil and across the world. As the largest sugar producer ethanol, Brazil is set to profit as the price of biofuel at the pump is now more competitive than gasoline on the open market, according to Sao Paulo-based trader and producer Copersucar SA (note: in the US, oil and gasoline are heavily subsidized ). “Ethanol prices are 62-63% that of gasoline, a level that will start attracting demand,” said Luis Roberto Pogetti, chairman of Copersucar in an interview given in London earlier this month.

Full article: http://gas2.org/2013/07/28/brazil-set-to-profit-from-surg...

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