date:Dec 05, 2018
Brazils Ministry of Mines and Energy expects RenovaBio to push demand to 47.1 billion liters in 2028 from 26.7 billion in 2018, helping Brazils ethanol industry recover from years of competition with subsidized gasoline prices.
Investments are only made looking into the long term, said Plinio Nastari, chief analyst at Brazilian consultancy Datagro www.datagro.com/?lang=en. Part of these investments are being made because of the establishment of these targets.
ETHANOL BETS
The global market cou