08 February 2013 15:51 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazil is likely to increase the amount of ethanol it consumes this year as the result of higher demand for fuel, sugar and ethanol company Cosan confirmed on Friday.
The company expects ethanol will occupy a bigger space in the country's fuels matrix.
On Thursday, Marcelo Martins, finance vice president and investor relations director at Cosan, said the expansion of Brazil's flex-fuel fleet as well as the production of gasoline may impact the country's demand for ethanol, which is likely to increase in the long term.
Recently, Brazil announced a planned increased the ethanol blend in gasoline from 20% to 25%, which should take place in 1 May.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections