brazil

That falling ball in Times Square didn't just signal the end of 2011, it was also the death knell for thirty years of ethanol subsidies. That in turn could signal an abrupt rise in prices at the pump. By failing to vote in an extension, Congress allowed the $0.45 per gallon production subsidy to ...

Around the 7th of November, when a sheen of oil first appeared on the sea in the vicinity of a Chevron appraisal well in the deep-water Frade field of the coast of Brazil about 230 miles from Rio de Janeiro's famous beaches, the company claimed the occurrence was due to natural seepage. Now, the ...

British Petroleum (BP) is set to expand its Brazilian ethanol output with its full acquisition of biofuel firm Tropical BioEnergia S.A. Set to take effect immediately, BP will acquire the remaining 50 percent of Tropical BionEnergia from existing joint venture partners for $71 million. Those ...

With Brazil's ethanol prices soaring, the nation's government is expected to put forth a policy to reduce the mandatory ethanol blend in gasoline. Brazil's energy minister, Edison Lobao, recently met with President Dilma Rousseff. The two immediately arrived at the conclusion that unless Brazil's ...

Lagging U.S. sales of E85, lax trade restrictions and Brazil's worst sugarcane harvest of the last decade will allow the United States to overtake the South American nation as the world's leading ethanol exporter during the second half of 2011, the U.S. Energy Information Administration (EIA) ...

Brazilian energy giant Petrobras, through its wholly-owned subsidiary Petrobras Biocombustível, will invest a massive $2.5 billion between 2011 and 2015 to increase production of biodiesel and ethanol. This hefty chunk of change is part of $4.1 billion Petrobras earmarked for its biofuels ...

A sugar cane shortage in April caused Brazil's ethanol prices to soar, rising 65 percent to $6.31 a gallon or more than double what it was the year before. Since Brazil blends its gasoline with a mandated 25 percent ethanol, the rising cost of the biofuel directly affects pump prices. Even though ...

With Brazil's ethanol prices soaring to new highs, the nation's government has put forth a policy to reduce the mandatory ethanol blend in gasoline to as low as 18 percent. Until now, all gasoline sold in Brazil had to be at least 25 percent ethanol. With ethanol now in short supply, the ...

Brazilian energy giant Petrobras expects demand for biofuels to soar within the next decade and will spend $3.5 billion over the next four years to at least double its biofuel output. However, Brazil's mines and energy minister Edison Lobao told Petrobras (a company that's partially owned by the ...