Brazil sets sights on China’s ethanol market, but high volumes unlikely
SAO PAULO (Reuters) – Brazil’s ethanol industry is looking to grab a chunk of China’s ethanol market as the Asian nation targets a 10% blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter.
China wants to add 10% of ethanol to all gasoline used in the country by 2020, a policy that could sharply boost the country’s ethanol market and potentially increase imports, since local production capacity is too small to meet the target.
By Marcelo Teixeira via WSAU