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ethanol

St1 inks MoU for bioethanol project in Thailand

St1, a Finnish energy company, has signed a memorandum of understanding (MoU) with Ubon Bio Ethanol to launch a pilot project of the production of bioethanol from cassava waste, with the aim of setting up a joint venture for ethanol production in Thailand. Thailand is a forerunner in use of renewable energy. The country uses over 3 million litres of ethanol per day as transport fuel, and…
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Petrobras sells ethanol stake to sugar maker Tereos

Petrobras Biocombustível has announced an agreement to sell its shares in Guarani, a Brazilian sugar and ethanol producer, to Tereos Participations, an arm of French group Tereos, for $202 million (€192m). According to Petrobras Biocombustível, a wholly-owned subsidiary of Brazil-based oil company Petrobras, Guarani is the third largest sugar producer in Brazil. It operates eight…
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Conab expects Brazilian ethanol demand to increase eventually but now is stagnant

In Brazil, the government’s agricultural statistics agency Conab says it expects ethanol’s prospects to improve going forward due to the potential for increasing fossil fuel prices. Demand remains stagnant for the moment in the domestic market, however, which combined with strong international prices for sugar and currency fluctuations that supports sugar exports has led to lower…
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