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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
December 11, 2000Brazil sells Ethanol Brazil's government sold 100.3 percent of the 50 million liters of hydrous and anhydrous alcohol offered on Friday, according to federal bank Banco do Brasil.
Revenue at the public auction, held via Banco do Brasil's electronic sale network, totaled 29.86 million reais ($15.17 million) at a weighted average price of 0.595 reais ($0.30) per liter, or a simple average price of 0.611 reais.
At the last auction on November 9, the government sold 100.2 percent of the 45 million liters of hydrous and anhydrous alcohol offered.
The alcohol stocks were offered this Friday in 9 separate lots from the center-south region including the states of Sao Paulo, Santa Catarina, Rio de Janeiro and the Federal District.
Alcohol prices have taken off in Brazil in recent weeks. The government hopes to use the stock auctions bring down rising prices by introducing more supply.
Brazil's millers use their cane crush to refine into sugar or distill into two types of alcohol, hydrous and anhydrous.
In Friday's auction, the government auctioned anhydrous alcohol -- the type added to all gasoline sold in Brazil -- along with hydrous alcohol from its stocks.
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