Corn Ethanol Continues Rapid Expansion in Brazil
Corn ethanol production in Brazil continues its rapid expansion. According to Itau BBA, corn ethanol accounted for 2% of Brazil’s total ethanol production in 2019. That expanded to 19% in 2023/24, and it is expected to hit 22% within the next two years.
Itau BBA analyzed 22 new ethanol facilities or expansion projects and determined that if all the projects were built, the demand for corn would increase more than 14 million tons. Investments in these new facilities will exceed R$ 20 billion and these new facilities would increase corn ethanol production to more than 6 billion liters by 2028.
The director of credit at Itau BBA feels Brazil can consolidate its leadership in sustainable biofuel production at the same time strengthening the Brazilian economy.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon