PETROBRAS TO START BUILDING ETHANOL PIPELINE
SAO PAULO, Nov 22 (Reuters) - Brazilian state-run oil company Petrobras will kick off Tuesday the building of the first part of a 850-km (528-mile) ethanol pipeline that should help the company meets its ambitious targets with the fuel.
The first part of the pipeline will connect Ribeirao Preto, Brazil's main cane producing area, to Paulinia, an important fuel distribution and refining hub in Brazil.
U.S. CORN ETHANOL "WAS NOT A GOOD POLICY"-GORE
ATHENS, Nov 22 (Reuters) - Former U.S. vice-president Al Gore said support for corn-based ethanol in the United States was "not a good policy", weeks before tax credits are up for renewal.
U.S. blending tax breaks for ethanol make it profitable for refiners to use the fuel even when it is more expensive than gasoline. The credits are up for renewal on Dec. 31.
ITALY M&G TO START UP BIOETHANOL PLANT IN Q1 2012
MILAN, Nov 18 (Reuters) - Italian chemical group Mossi & Ghisolfi (M&G) aims to start up a 40,000-tonne second-generation bioethanol plant in Italy in the first quarter of 2012 and then license its technology in the United States, Brazil and China.
"We are aiming to start works by January 2011 and complete them by the end of 2011 or in early 2012. The plant should be operating by March 2012," M&G Deputy Chairman Guido Ghisolfi told Reuters on the sidelines of a conference.
FRENCH BIODIESEL GROUP SAYS READY FOR CERTIFICATION
PARIS, Nov 17 (Reuters) - French biodiesel makers say time is running short for official approval of a scheme it put forward over the summer to meet new European Union rules on sustainability, if disruption to trade is to be avoided.
The EU's sustainability criteria, due to take effect from Jan. 1, require that biofuels offer at least a 35 percent cut in greenhouse gases compared to fossil fuels and do not use crops grown on recently cleared land.
BREAKINGVIEWS-ETHANOL PUTS REPUBLICAN FISCAL FORTITUDE TO TEST
NEW YORK, Nov 16 (Reuters Breakingviews) - Ethanol will put Republican fiscal fortitude to the test. Bumper U.S. exports of the corn-based fuel raise fresh questions for an industry that boasts of reducing dependence on foreign oil. It's another reason to let the nearly $5 billion annual subsidy die as scheduled at the end of this year.
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