NexSteppe sees RenovaBio boosting Brazilian ethanol demand 60% in 2018

January 15, 2018 |

In Brazil, NexSteppe estimates that ethanol demand could rise 60% in 2018 as a result of RenovaBio and rising gas prices so sugarcane growers should take advantage of the opportunity and use this year to boost their plantations. Older plantations due to lack of investment that require renewing but weren’t has seen sugar production stagnate. The company’s director expects additional ethanol demand to come from the automobile industry’s recovery in 2017 that saw car sales increase more than 14% on the year.

Category: Fuels

Thank you for visting the Digest.