BRAZIL ETHANOL PIPELINE TO CUT TRANSPORT COSTS 20 PCT
RIO DE JANEIRO, March 1 (Reuters) - A Brazilian ethanol pipeline system will lower transport costs by 20 percent for producers when it begins operations in 2012, the firm leading the project said on Tuesday.
The newly formed logistics company, Logum, expects the 1,300 kilometer (808 mile) pipeline system to bring savings by reducing higher-cost transport by truck which is now the predominant form of delivering fuel to consumers from production centers.
BRAZIL'S PETROBRAS 2010 FUEL IMPORTS JUMP 97 PCT
RIO DE JANEIRO, March 1 (Reuters) - Brazilian state oil company Petrobras said on Tuesday its imports of refined petroleum products jumped 97 percent in 2010 from the year before, a sign the South American nation may become increasingly reliant on global fuel markets.
Fuel imports rose to 299,000 barrels per day (bpd) in 2010 from 152,000 bpd in 2009, the company said during an earnings presentation, while crude imports dropped 20 percent to 316,000 bpd during the same period.
GERMAN MOTORISTS WARY OF HIGHER BIOFUEL BLEND
HAMBURG, Feb 28 (Reuters) - German motorists are avoiding filling up their cars with gasoline with a higher biofuel blend due to concerns it could cause engine damage, German oil industry association MWV said.
The German government has from Jan. 1, 2011, permitted a rise in the maximum level of bioethanol allowed in blended gasoline to 10 percent from 5 percent previously as part of German's programme to protect the environment.
BRAZIL BUYS U.S. ETHANOL TO BOOST SUPPLIES-TRADERS
SAO PAULO, Feb 25 (Reuters) - Strong domestic ethanol prices have attracted some cargoes of U.S. anhydrous ethanol into Brazil's northeast, traders and analysts said on Friday, adding that purchases could grow in the coming months to ease tight local supplies.
The difference between U.S. ethanol prices and prices in Brazil, which was surpassed by the United States as the world's largest producer of the fuel a few years ago, made the deals feasible, despite specification differences between the two products, they said.
WORRIES ASIDE, US HAS "FOOT ON THE GAS" ON ETHANOL
WASHINGTON, Feb 24 (Reuters) - The United States "can do it all" -- turn more corn into ethanol without running short of food, Agriculture Secretary Tom Vilsack said on Thursday, as oil prices soared and the government raised its forecast of food price increases this year.
"There is no reason for us to take the foot off the gas," said Vilsack, referring to biofuels at a two-day Agriculture Department conference on the outlook for this year's crops. "We can do it all."
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