Global production of biofuels soared to an all-time high of 105 billion liters (28 billion gallons U.S.) in 2010, according to research conducted by Worldwatch Institute for the website Vital Signs Online. That output represents a 17-percent increase in compared to the estimated 90 billion liters (24 billion gallons) that were cranked out globally back in 2009. Worldwatch Institute says lofty oil prices, a global economic rebound and mandates in Argentina, Brazil, Canada, China and the United St
Lagging U.S. sales of E85, lax trade restrictions and Brazil's worst sugarcane harvest of the last decade will allow the United States to overtake the South American nation as the world's leading ethanol exporter during the second half of 2011, the U.S. Energy Information Administration (EIA) announced last week. Okay, officially, the EIA said it was "likely" to happen, but when you put all the pieces together, we think "likely" = "will."
Brazil's ethanol exports are expect to go down by 21.95 during the 2007-2008 fiscal year which ends in March, according to the Brazilian Association of Sugarcane Industries (Unica). From April 2006 to March 2007, Brazil exported 4,1 billion liters of ethanol. Current figures are down to about 3,2 million. Global production figures, according to our source, are increasing: 21,6 billion liters.
Brazil's Companhia Nacional do Abastecimento is forecasting record levels for the 2007-2008 sugarcane production fuelled (pun intended) by the expansion of ethanol. According to this official organisation, this year's production of sugarcane will reach 547.2 million tons, 15.2 percent more than last year's 474.8 million.
"Brazil has all the necessary conditions to become the Saudi Arabia of ethanol", affirms Petrobas board member, Paulo Roberto Costa. He also adds "Brazil is surely to become the preferred biofuel provider of the world". After such enthusiastic (!) affirmations from Mr. Costa, let's have a look at the facts and previsions for the following years.
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