Brazil’s Ethanol to Quench 10% of World’s Thirst for Gasoline

Ethanol and gasoline station in Brazil Brazil, India, China, the United States and the European Union have created a forum to promote the use of renewable energy sources known as biofuels. Senior diplomats from participating countries gathered to launch the project at the United Nations Friday, March 2.

The biofuels forum brings together some of the biggest producers and consumers of renewable energy, with the aim of promoting an international market for biofuels. It also includes, with the United States, China, India and Europe, most of the world's biggest emitters of harmful greenhouse gasses.

The best-known biofuel is ethanol, and Brazil, the world's top ethanol producer, is hoping the new market will give it a big economic boost. Brazil and the United States together control nearly three-quarters of the world's ethanol market.

Brazil's Ambassador to the United States, Antonio Patriota, says the market will be good for both wealthy and rapidly industrializing countries trying to cut back on harmful greenhouse gas emissions. But he says the biggest winners could be poor countries that produce corn and other agricultural products used to make biofuels.

"For developing countries, greater resort to biofuels means significantly reducing their dependence on imported oil, redressing their trade imbalances, and saving income in order to increase investment in health, education and social development. Besides generating environmental benefits off course," he said.

U.S. Assistant Secretary of State for Western Hemisphere Affairs, Thomas Shannon hailed creation of the new market as "a huge step forward in the development of a new international understanding of energy."

"We understand the international biofuels forum and the efforts of all of our partners in addressing the issue of biofuels to be not just an issue of energy security, not just an environmental issue, but fundamental to how we are going to address basic economic and social development problems, and recognizing that by working together we will be able to identify ways to help countries with agricultural productive potential to be become major energy suppliers," he said.

A Brazilian industrial group estimates that current ethanol usage amounts to only two percent of world oil consumption. Brazil, with its vast land resources, is hoping to produce enough ethanol to satisfy 10 percent of the world's demand for gasoline within the next 20 years.

President Bush has set a goal for the United States to use 130 billion liters of alternative fuels a year by 2017. Current capacity is about 20 billion liters a year.

VoA

Tags:

  • Show Comments (4)

  • ch.c.

    JUST ANOTHER BRAZILIAN LIE !!!!
    Knowing you produced 18 billions liters in 2006, it is IMPOSSIBLE to multiply your production 7 times……in only 10 years !

    You would need to almost double your production every….3 years !!!!! Just….I M P O S S I B L E

  • nahum sirotsky

    newsman correspondent brazilian midia
    just to say what a pleasdure reading you. very good and very intelligent.
    nahum sirotsky in isrsel

  • Eddie

    Good article.This is the way for a cleaner planet .Renewable sources of energy NOW

  • conceicao

    Brasil won’t hit the 10% target any time soon until Brasilian producers begin receiving fair prices for their production so that they will have money to re-invest in the industry. The
    U.S. is currently diverting $200-plus million in Brasilian industry profits (several times the profits they actually realize on exports to the U.S.) in order to protect millionaire Iowa
    farmers and their investment in corn-based ethanol production that everyone knows is uneconomic on a stand-alone basis.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil Has Already Exported 25% More than in 2004

Through the first week of April, Brazil’s exports in 2005 totaled US$ 25.039 billion. ...

Paris-based Technip Gets Major Contract from Brazil’s Petrobras

Technip, in association with Subsea 7, has been awarded by Petróleo Brasileiro SA (Petrobras) ...

Ailing Varig Adds Flights to Brazil from NY and Miami in December

Varig Brazilian Airlines, the largest air carrier in Latin America and the anchor for ...

U.S.A. Calendar

THURSDAY 1 BERKELEY, CAL. 8:30 PM – Adriana & Carlos Oliveira at Nino’s   ...

Pope Benedict XVI is greeted by Brazilian faithful in Guaratinguetá

Canonizing a Charlatan Was Just the Start of the Pope’s Brazilian Mission

A reader tells me that he doesn’t understand "this persecution of yours of Catholic ...

Brazil Technology to Monitor Venezuela’s Environment

Atech Tecnologias CrÀ­ticas, a Brazilian company that develops systems and software especially for the ...

Activists Vow to Continue Fighting to Prevent Brazil’s Belo Monte’s Construction

Brazil accepted bids this Tuesday, April 20, to build in the Amazon what should ...

Out of Disillusionment Brazil and South America Create Own IMF

The Bank of the South (Banco del Sur) was launched Sunday in Buenos Aires ...

Monsanto Buys World’s Largest Sugarcane Breeding Firm in Brazil

US-based agriculture company Monsanto has completed the purchase of Brazilian firm Aly Participações Ltda., ...

Maternal Mortality Still Too High in Brazil: 74 Deaths Per 1,000 Births

In 2002, the infant mortality rate in Brazil was 25.1 deaths before the age ...