Brazilian Government Becomes Sponsor of Indy Races

Brazzil Magazine covers

Sugarcane being harvested in Brazil Brazil's trade promotion agency, APEX-Brasil's, decision to sponsor the top ethanol-powered auto racing category, the Indy Racing League (IRL), contributes to consolidate ethanol as a global commodity and is in the spirit of a Memorandum of Understanding on biofuels signed between the governments of Brazil and the United States in 2007.

According to the president of the Brazilian Sugarcane Industry Association (UNICA), Marcos Sawaya Jank, the deal strengthens a natural partnership between Brazil and the United States, the world's top producers and consumers of ethanol.

Together, the two countries account for more than 75% of global ethanol production. "This will help ethanol to attain global energy commodity status as well as fulfill its vital objectives: to help provide energy security and reduce greenhouse gas emissions," he added.

A letter of intention was signed this Monday, November 17, between APEX-Brasil and the IRL on the opening day of the First International Brazil-Biofuels Exhibition held at the Grand Hyatt Hotel in São Paulo.

UNICA was notified in late October that negotiations between APEX-Brasil and the IRL were underway, and that the overall objective for APEX-Brasil is to utilize the Indy Car racing season to promote a variety of Brazilian products in the three countries where the league holds its races: the United States, Canada and Japan.

APEX-Brasil has requested that UNICA consult its 116 member companies to identify those interested in supplying their own ethanol, or purchasing ethanol from feedstocks other than sugarcane, to fuel the Indy races.

According to UNICA, regardless of the feedstock used in its production – corn, sugarcane, or various cellulosic materials in the future – the final molecular composition is the same. The end result is a clean, renewable biofuel that reduces dependence on fossil fuels and combats one of the major causes of climate change.

In times of widespread energy, financial and environmental dilemmas, UNICA believes the use by the IRL of ethanol sourced from different agro feedstocks symbolizes the dream of greater energy integration involving countries throughout the Americas, an idea with the potential to spread to the entire planet.

"The involvement of APEX-Brasil is a natural next step, since several Brazilian pilots already compete in the IRL. We're anxious to contribute so that Indy continues to showcase all of the benefits of ethanol use instead of fossil fuels. This involves teamwork, and both the United States and Brazil, as major producers and users of ethanol, have the duty to remain ahead of the pack in the global race for alternative energy sources," concluded Jank.

The Brazilian Sugarcane Industry Association (UNICA) represents the top producers of sugar and ethanol in Brazil's South-Central region, especially the state of São Paulo, which accounts for about 50% of the country's sugarcane harvest and 60% of total ethanol production.

UNICA develops position papers, statistics and specific research in support of Brazil's sugar, ethanol and bioelectricity sectors. In 2007, Brazil produced an estimated 490 million metric tons of sugarcane, which yielded 30.5 million tons of sugar and 22.3 billion liters of ethanol.

Service

UNICA Site: www.portalunica.com.br

Tags:

You May Also Like

Brazzil Magazine covers

Rio Rains Close Christ the Redeemer to Tourists For First Time Ever

Rio’s towering Christ the Redeemer statue and one of the city’s most iconic tourist ...

Brazzil Magazine covers

Brazil and the Jeitinho: A Cultural Lesson in Bahia

I couldn’t help to think about that word jeito. What sort of magical thing ...

Brazzil Magazine covers

Brazil Reasoning to Go to Iran: Let’s Make a Deal Before the Chinese Do It

Brazil’s minister of Development, Industry and Foreign Trade, Miguel Jorge, just went to Iran ...

Brazzil Magazine covers

In Brazil, All Is Allowed… After the Elections

There are those in Brazil who believe that the government will propose in November, ...

Brazzil Magazine covers

Brazil Is Voting for President, Governors and Congress This Year

2006 is being ushered in with the prospect of this year’s elections for president, ...

Brazzil Magazine covers

Brazil’s Bank Workers Union Goes on National Strike

Latin American stocks sank deep into the red, as investors continued to take profits, ...