Top US grain processors join the ‘bio-fuel refineries rush’ in Brazil

Friday, May 6th 2011 - 17:24 UTC

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Cargill Inc and the world’s largest grain processor Archer-Daniels-Midland Co, are planning to invest about 560 million US dollars in new bio-fuel refineries in Brazil. Read full article

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GeoffWard
“Bloomberg New Energy Finance analyst Roberto Rodriguez Labastida warns there’s an overcapacity: “there’s far more bio-diesel refineries online than are necessary”.”

In spite of this “Cargill Inc and the world’s largest grain processor Archer-Daniels-Midland Co, are planning to invest about 560 million US dollars in new bio-fuel refineries in Brazil.”

This is not being done just to support and supply a 5%->10% ethanol change in the Brasilian market. The USA wants our ethanol at a price discounted by their refinery investment.

I prefer Brasilian refineries refining using their spare capacity, and then selling/exporting Brasilian ethanol.

I am getting bothered by the geography of 'ethanol production' cutting back on the available geography for food production.
May 08th, 2011 - 03:04 pm - Link - Report abuse 0
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