09 August 2012 22:33 [Source: ICIS news]
Correction: In the ICIS story headlined “Ethanol exports by Brazil’s Copersucar jump 17%” dated 9 August 2012, please read in the fifth paragraph … has ongoing investments totalling around $2bn (€1.6n) … instead of … $5bn (€4bn) …. Please read in the seventh paragraph … The company plans to build an ethanol distribution and storage terminal … instead of … plans to build an ethanol plant …. A corrected story follows.
CAMPINAS, Brazil (ICIS)--Exports by Brazilian ethanol producer Copersucar jumped by 17% for the 2011-12 harvest season from the previous season, the company said on Thursday.
Copersucar exported 700m litres of ethanol for the 2011-12 harvest, compared with 600m litres during the 2010-2011 harvest, it said.
Copersucar was responsible for 38% of all Brazilian ethanol exports during the 2011-2012 harvest, with a 6.9% global market share, it said. In comparison, the company’s exports during 2010-11 accounted for 34% of the country’s total.
Hydrous ethanol accounted for 53% of the 2011-12 season exports and anhydrous ethanol accounted for 47%.
On 29 June, a spokesperson for Copersucar said the company has ongoing investments totalling around $2bn (€1.6n) in Brazil to improve sugar and ethanol logistics.
The investments could lead to eventual cost savings and more than doubling sugarcane output to 23.3 tonnes/ha by 2025 from 10.2 tonnes/ha in 2010.
The company plans to build an ethanol distribution and storage terminal in the city of Paulinia, Sao Paulo, it said in its 2011-12 annual report.
The company did not disclose any other details about the deadline or investment amount for the new terminal.
($1 = €0.81)
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