Brazil’s Corn Ethanol Craze Is About to End, Major Producer Says
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A corn ethanol boom that reshaped Brazil’s biofuel industry is nearing an end, according to São Martinho SA, one of the country’s largest producers of the fuel.
Weakness in prices is making it harder for companies to keep investing in new ethanol plants, São Martinho Chief Financial Officer Felipe Vicchiato told investors Friday. The company makes ethanol from sugar cane and recently started up a new corn plant, but the executive said plans for expanding into corn are no longer…..
For More Details Visit: https://www.bloomberg.com/news/articles/2024-02-09/brazil-corn-ethanol-craze-is-about-to-end-major-producer-says
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