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.
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