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Brazil reaches 22 cereal ethanol plants : The Daily Digest

Brazil reaches 22 cereal ethanol plants : The Daily Digest
biofuelsdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuelsdigest.com Daily Mail and Mail on Sunday newspapers.

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Corn and soybean prices shift lower

Afternoon report: Wheat prices mixed but mostly higher in Tuesday’s session.

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Second corn crop helps Brazil achieve a harvest of 271 million tons, and target 300 million tons in a near future

Brazil is forecasted to break another crop record in 2022 with the largst grain harvest in history, particularly because of the second crop of corn in Brazil, or safrinha. Previously considered merely a way to keep the soil in use between two important harvests, corn’s second crop gained importance as production became more sophisticated with the aid of technology.

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Brazil is growing its biofuel industry

Brazil already has the largest fleet of cars driven by ethanol, mainly from sugarcane; now corn-based ethanol plants are on the rise. The ethanol produced by sugarcane and corn has have the potential to reduce up to 90% of the greenhouse gases. And, as mentioned in our recent blog, the country’s diesel fuel will soon have an additional one percent of biofuel (13% compared to current levels of 12%). This is mainly produced by soy oil. The carbon footprint these biofuels leave will be a business opportunity to exchange carbon credits with different industries. Many power plants produce sugar cane ethanol, and in between harvests, use the plant to produce corn ethanol to maximize capacity. These are called flex plants. However, there is a wave of corn ethanol plants rapidly growing in Brazil, similar to the corn belt in the early 2000’s. They are mainly located in the center west of Brazil where the biggest corn producers are located. That was a very good opportunity for our “sa

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