BRAZIL: Ethanol exports to the US may jump 30% next year

Published: 09/21/2012, 3:04:03 PM

Brazil may export about 2.2 billion litres (581 million gallons) of ethanol to the U.S. next year, up 30% from this year, to meet increasing demand for fuel made from sugarcane, according to Bloomberg.

The Environmental Protection Agency revises its annual requirements for biofuel use every November, which will probably boost the amount Brazil may export to the U.S. next year to about 2.8 billion litres, Martinho Seiiti Ono, director of the Sao Paulo-based trading company SCA Trading SA, said at a conference. Brazilian cane mills may be able to meet about 80% of that demand, he said.

U.S. demand for Brazilian ethanol imports may reach 1.9 billion litres this year under the EPA's Renewable Fuel Standard program, which requires oil companies to blend biofuels into their fuel products.