Brazil ethanol output could double by 2030
RIO DE JANEIRO, (Reuters) - Brazil’s ethanol production could double by 2030, boosted by growing investments in the sector due to the government’s
The study on prospects for ethanol by state energy
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.
To hit EPE’s most ambitious capacity target, the study said 26 new sugarcane mills would have to come online in the next dozen years. That would mean reversing a trend of mills going dormant or bankrupt in recent years as sugar prices fell to multi-year lows and ethanol struggled to compete at the pump.
Brazil’s ethanol production is largely based on sugarcane although some
“Corn ethanol is here to stay, especially in the country’s Midwest,” said Coelho. “Flex mills using both corn and cane should expand in Brazil. It offers advantages to producers because the harvests are in different periods.”
(Reporting by Rodrigo Viga Gaier Editing by Frances Kerry)
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