Brazil May Reduce Ethanol Blending Rate for Gasoline to 18%, Valor Says
Bloomberg
By Stephan Nielsen - Apr 28, 2011 8:48 AM CT
Brazil may reduce the amount of ethanol that must be mixed with gasoline from 25 percent to as low as 18 percent, following a surge this year in the renewable fuel’s price, according to Valor Economico.
The measure may be announced in the next few days, the Sao Paulo-based newspaper said in an article today without saying where it got the information.
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