Brazil ethanol demand could double in 10 years – agency

ICIS.com
16 March 2012 19:08 [Source: ICIS news]

PRAIA DO FORTE, Brazil (ICIS)--Brazil’s ethanol demand could double to 40bn litres/year over the next 10 years, as long as sufficient investments are made in the sector, an official with a government agency said on Friday.

Substantial investments are required in sugarcane plantations to ensure the supply of feedstocks to the country’s ethanol industry, said Rubens Freitas, deputy superintendant for supply at the Agencia Nacional de Petroleo, Gas Natural e Biocombustiveis (ANP), the Brazilian petroleum agency.

“If producers plant enough sugarcane and build enough ethanol plants we expect in the next 10 years that demand for ethanol will be about 40bn litres,” he said.

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