Oil at US$60 per barrel challenges biofuels: Brazil's Unica
Published Thu, Dec 18, 2014 · 04:02 PM
[SAO PAULO] Oil at US$60 per barrel poses a challenge to the biofuels industry, Elizabeth Farina, president of Brazilian industry association Unica, said on Thursday.
"This is a challenge for all renewable energies but it has to be discussed. Will we continue consuming oil (instead of ethanol) because it is cheap now?" she told reporters on Thursday.
Brazil is the largest producer of cane-based ethanol.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply