Brazil Ethanol Output Could Double by 2030 -Gov’t Study
by Rodrigo Viga Gaier (Reuters) Brazil’s ethanol production could double by 2030, boosted by growing investments in the sector due to the government’s RenovaBio program aimed at boosting the use of renewable fuels, according to a government study.
RenovaBio, which Congress approved in December, mandates that fuel distributors gradually increase the amount of biofuels they sell each year, helping the ethanol industry recover from years of competition with subsidized gas prices.
The study on prospects for ethanol by state energy think tank EPE is due to be published on Friday. José Mauro Coelho, EPE’s head of oil, gas and biofuel research, shared its findings in an interview.
According to the study’s most optimistic forecast, Brazil’s annual ethanol capacity could rise to 54 billion liters by 2030, from 27 billion today. Less optimistic scenarios forecast production of 43 billion and 49 billion liters by 2030. READ MORE