BUENOS AIRES, Dec 27 (Reuters) - Argentine biodiesel exports rose more than 58 percent to $1.9 billion in 2011 compared with the year before, the country's main biodiesel industry group said on Tuesday.
In volume terms, biodiesel exports from the South American country shot 18.5 percent higher to 1.6 million tonnes, according to a statement from the Argentine Biofuels Chamber, or CARBIO, as it is known by its Spanish initials.
BRAZIL TO FINANCE ETHANOL STORAGE AT MILLS
Dec 26 (Reuters) - Brazil's government will lend up to 500 million reais ($268.64 million) per year for ethanol makers to stock the biofuel, a measure aimed at securing adequate supplies in the interharvest, according to a decree published on Monday.
The measure, which had been announced in April but was not yet put into force, guarantees mills will have an annual loan available for storage over the next five years and sets the official sources for the credit.
NOVOZYMES SEES NEW BIOFUEL ENZYME BOOSTING GROWTH
COPENHAGEN, Dec 22 (Reuters) - Novozymes , the world's leading industrial enzyme producer, sees a new enzyme product for the biofuel industry helping boost revenue growth in 2012, as consumers look for alternatives to fossil fuels.
Bioethanol, which can be blended with gasoline to run cars, is seen as a growth market though development has been held back by uncertainties over U.S. regulations to support green energy.
ENI SIGNS MINING, BIODIESEL DEALS WITH SONANGOL
MILAN, Dec 22 (Reuters) - Italy's oil and gas major Eni and Angola's national oil company Sonangol have signed an agreement to develop joint mining initiatives in Angola and abroad and other deals, Eni said on Thursday, as the group aims to boost its presence in the African country,
The two companies have also signed agreements to carry out a pilot project in food and biodiesel and non-associated gas development projects related to block 15/06 in Angola, Eni said in a statement.
U.S. ETHANOL TAX BREAK ENDS, BRAZIL SEES AN OPENING
WASHINGTON, Dec 21 (Reuters) - A U.S. ethanol tax credit costing roughly $6 billion a year will expire on Dec. 31, with the U.S. industry declaring itself ready to stand on its own and Brazil hoping for a biofuels bonanza in the years ahead.
Thanks to the high cost of crude oil, corn-based ethanol is attractively priced. Output and exports are record-high this year and a U.S. law assures renewable fuels a share of the U.S. motor fuel market.
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