A new group called the Bioenergy Alliance (BEA) will launch in Miami tomorrow with the goal of expanding Brazilian ethanol exports to the U.S, Mexico and Guatemala. Currently, all ethanol that is imported to the U.S. - hundreds of millions of gallons a year - is subject to a 54-cent-a-gallon tariff. While the announcement by FMC Agricultural Products (pasted after the jump) doesn't specifically mention the tariff, when you have representatives of Petrobras and the founders of the Inter-American
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.