EU LIKELY TO CURB INDONESIAN PALM BIOFUEL IMPORTS
KUALA LUMPUR, Nov 23 (Reuters) - European Union (EU) governments are likely to curtail their imports of Indonesian palm
oil-based biofuel, which has become cheaper due to a tax cut, to protect their own domestic plants, a top analyst said on
Wednesday.
"The EU has supported the build of local production capacity that is heavily underutilised and will not be able to survive if
foreign competitors to rapeseed biodiesel cannot be kept out of the market," Fredrik Erixon, director of the European Centre
for International Political Economy told Reuters.
BRAZIL CANE INDUSTRY CONFRONTS ITS OUTPUT LIMITS
SAO PAULO, Nov 22 (Reuters) - Brazil's once booming cane sector is coming to grips with its own limits and curbing unrealistic expectations, after a frustrating harvest and a still unclear investment environment ahead.
After the years of euphoria that ended with the 2008 global financial crisis, the industry is now adopting a more relaxed approach when talking about prospects for sugar and ethanol production over the next few years. Demand forecasts however remain bright.
CANE MILL BUILDING COSTS MORE ATTRACTIVE-PETROBRAS
SAO PAULO, Nov 22 (Reuters) - Rising prices of existing cane mills in Brazil are turning the option of building new ones more
attractive for those companies willing to expand capacity, a director at state-run oil company Petrobras said Tuesday.
This would represent a change in a trend that has been in place since the 2008 global financial crisis, which caught many
mills too indebted in the middle of ambitious expansion programs.
BRAZIL SUGAR WEEK TO FOCUS ON COMPETITIVENESS
SAO PAULO, Nov 20 (Reuters) - Brazil's rising costs of sugar production and the challenge of how to help the domestic ethanol
industry meet strong biofuel demand will be key themes of Brazil Sugar Week starting on Monday.
The events this week will bring together several hundred traders, brokers, fund managers, analysts and industry leaders from
around the world for conferences and seminars on sugar and ethanol culminating in an industry dinner on Thursday.
US GOV'T A TENUOUS BEACHHEAD FOR BIOFUEL FIRMS
SAN FRANCISCO, Nov 20 (Reuters) - The U.S. military has emerged as a key ally for fledgling producers of non-food-based
biofuels, who find themselves threatened by looming budget cuts and growing political hostility to renewable energy funding.
A U.S. Navy plan to cut its fossil fuel use in half by 2020 is only part of the story.
ITALY 2011 BIODIESEL OUTPUT SEEN DOWN 32 PCT
MILAN, Nov 18 (Reuters) - Biodiesel output in Italy, a major producer in the European Union, is set to fall to 500,000 tonnes
at best this year, a 32 percent drop from 2010, hit by soaring inflows of cheaper imports, a senior industry official said on
Friday.
The Italian industry produced 211,234 tonnes of biodiesel in the first six months of this year and second-half output is
expected to be broadly similar, Maria Rosaria Di Somma, director general of the industry body Assocostieri-Unione Produttori
Biocarburanti, told Reuters.
US ETHANOL OUTPUT AND STOCKS RISE IN LAST WEEK
Nov 16 (Reuters) - U.S. ethanol production rose as did stocks in the last week, the Energy Information Administration
reported Wednesday.
U.S. ethanol production totaled 916,000 barrels per day in the seven days to Nov. 11, up 5,000 barrels per day from the
previous week.
EU BIOFUEL TARGET SEEN DRIVING SPECIES LOSS -STUDY
BRUSSELS, Nov 16 (Reuters) - A European Union target to promote the use of biofuels will accelerate global species loss
because it encourages the conversion of pasture, savanna and forests into new cropland, EU scientists have warned.
The finding raises fresh doubts over the benefits of biofuels, which were once seen as the most effective way of cutting road
transport emissions, but whose environmental credentials have increasingly been called into question.
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