With the whole week of hydrous ethanol in free fall at the distribution bases, the biofuel closed with a negative price at the plants
The daily price of ethanol at distributors evaporated once again, this time the values plummeted 15,84%. Ethanol consumption suffers consequences with stricter restrictions to face the pandemic. Ethanol price evaporates at plants and distributors burn stocks on the last 20th.
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The main reasons that led the price of biofuel to evaporate at the plants were the red phases in cities and states, and the mega-weekend, in addition to the greater supply that is arriving by industries that are anticipating the harvest.
In the first fortnight of the month, ethanol sales at the mills even went beyond expectations, even so prices fell, with the exception of the week from the 1st to the 5th. the only.
From the 22nd to the 26th, Cepea raised that the sharp decline in hydrated ethanol made it to be offered at R$ 2,3071. At distributors, minus 0,82% on Friday (26), R$ 2,3025, accumulating a fall of more than 20% in March. Both values free of freight and taxes.
According to the National Agency of Petroleum, Gas and Biofuels (ANP), at the pumps, vehicle ethanol also closed down more in the week, by 2,8%, at an average price of R$ 4,06,
The movement was followed by gasoline and diesel, after price cuts in refineries promoted by Petrobras.
Raízen of the Shell Group wants to build three plants producing ethanol made from sugarcane bagasse and straw
Raízen, the global giant producing ethanol together with Shell, intends to build three more cellulosic ethanol plants — or second generation. The good news was announced by businessman Rubens Ometto, from Cosan, last Monday (15/03)
The technology for producing cellulosic ethanol emerged from a partnership between Shell and the Canadian company Logen, specialized in biotechnology. In the past harvest (2019/20), the Piracicaba unit produced 226 liters of ethanol for each ton of dry biomass.
