Brazil’s Fuel of the Future biofuel ramp-up mandate may soothe fuel deficit: industry sources

The Brazilian government’s new Fuel of the Future program aimed at boosting the use of biofuels could ease the country’s fuel deficit, even as increasing overall demand means imports continue to rise, industry sources said. “There is space for everyone, fossil fuels and renewables. The increase of ethanol in gasoline and biodiesel in diesel can even reduce the refining deficit,”…The Brazilian government’s new Fuel of the Future program aimed at boosting the use of biofuels could ease the country’s fuel deficit, even as increasing overall demand means imports continue to rise, industry sources said. “There is space for everyone, fossil fuels and renewables. The increase of ethanol in gasoline and biodiesel in diesel can even reduce the refining deficit,”…Read More