NEW BRAZILIAN POLICY WILL ENCOURAGE PRODUCTION OF BIOFUELS

08/14/2017

Brazil is expected to announce a new federal program that will give fuel distributors targets to cut emissions and gradually increase biofuels volumes. President Michel Temer is expected to announce the program by way of presidential decree, with the law going into effect next year. The policy, RenovaBio, will assist Brazilian ethanol producers who have struggled to compete with cheap gasoline. The problem was exacerbated as the Brazilian government sought to hold down gasoline prices, forcing mills to produce more sugar instead of biofuels. For the full story see http://uk.reuters.com/article/us-brazil-ethanol-policy-analysis-idUKKBN…;