BRAZIL ETHANOL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments

New product launches

• In August 2022, Raízen, Brazilian energy company launched cellulosic ethanol, which is produced from sugarcane straw and bagasse. This second-generation ethanol emits over 90% less greenhouse gases.
• In January 2021, GranBio, company that converts biomass into renewable products such as bio fuels, biochemicals, nano materials &nutrients opened a new cellulosic ethanol plant, producing 83 million liters annually from sugarcane straw. This boosts ethanol production capacity in Brazil.

Acquisition and partnerships

• In June 2022, Raízen partnered with Associação Brasileira de Energia Renovável to conduct studies on carbon capture at ethanol plants. This will reduce emissions.
• In May 2021, BP, oil and gas company acquired a 50% stake in Biosev. This partnership boosted BP\'s biofuels portfolio with a strong position in Brazil\'s ethanol industry.