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With A Whole Week Of Hydrated Ethanol In Free Fall At Distribution Bases, The Biofuel Closed With A Negative Price At The Mills
The daily price of ethanol at distributors evaporated once again, this time the values plummeted by 15.84%. Ethanol consumption suffers consequences from stricter pandemic combat restrictions. Ethanol Price Evaporates At Mills And Distributors Burn Stock, On The Last Day 20.
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The main reasons that led to the evaporating price of the biofuel at the mills were the red phases in cities and states, and the mega-holiday, in addition to the larger supply that is coming from industries that are anticipating the harvest.
In the first half of the month, ethanol sales at the mills were actually beyond expectations; nevertheless, prices fell, except during the week of the 1st to the 5th. The commercialization and production data are from the entity that gathers the companies, Unica.
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From the 22nd to the 26th, Cepea reported that the strong decline of hydrated ethanol led it to be offered at R$ 2.3071. At distributors, down 0.82% on Friday (26), R$ 2.3025, accumulating a drop of over 20% in March. Both values exclude freight and taxes.
According to the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), at the pumps, vehicle ethanol also closed down further in the week, by 2.8%, with an average price of R$ 4.06.
The movement was followed by gasoline and diesel after price cuts at refineries promoted by Petrobras.
Raízen Of The Shell Group Aims To Build Three Ethanol Production Plants Made With Bagasse And Sugarcane Straw
Raízen, the global giant in ethanol production in partnership with Shell, plans to build three more cellulose ethanol plants — or second generation. The good news was announced by businessman Rubens Ometto of Cosan, last Monday (03/15)
The technology for the production of cellulose ethanol arose from a partnership between Shell and Canadian company Logen, specialized in biotechnology. In the last harvest (2019/20), the Piracicaba unit produced 226 liters of ethanol for each ton of dry biomass.
