07 October 2008 22:03 [Source: ICIS news]
Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.9270/litre ($1.59/gal), up 0.3% from R0.9239/litre a week earlier.
Hydrous ethanol was assessed at R0.7654/litre, down from R0.7655/litre in the previous week.
Brazil uses hydrous ethanol as a stand-alone fuel, while anhydrous is blended in gasoline at 25%.
Cepea’s price assessments are ex-tank and do not include taxes.
($1 = R2.20)
For more on ethanol visit ICIS chemical intelligence
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
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