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Brazil said to plan higher ethanol blend as early as May

“Record sugar cane crop next year could see Brazil put ethanol blend target back up to 25%” Brazil, the world’s biggest sugar- cane grower, is considering raising the amount of ethanol mixed with gasoline as early as May as millers are forecast to process a record crop next year, a government official familiar with the plan said. The mandatory ethanol blend in fuel sold at Brazilian service stations would rise to 25 percent from 20 percent now, said the official, who asked not to be named because he’s not authorized to discuss the plan publicly. Mills in the country process… continue reading

December 19, 2012