Agressive Expansion

Cindy Zimmerman

Petrobras According to this AP report out of Rio de Janeiro, “Brazil is aggressively expanding its sugarcane plantations and expects to more than double its annual exports of alcohol fuel, or ethanol, by 2010.” That’s according to Brazil’s Minister of Mines and Energy speaking at the Rio Oil and Gas Expo and Conference on Monday.

Brazil is the world’s second-biggest producer of ethanol after the United States and is the biggest exporter. Brazil also has the world’s largest fleet of ethanol-powered cars _ seven out of every 10 new cars sold in Brazil are “flex fuel” vehicles that can run on gasoline, ethanol or any combination of the two.

Brazil’s state-run oil firm Petroleo Brasileiro SA, or Petrobras, said it expected to sign a long-term contract to export ethanol to Venezuela.

Ethanol, International