Brazil hopeful for biofuel partnership with China
Brazilian President Luiz Inacio Lula da Silva is expected to focus on renewable fuels during his state visit to Beijing, hoping to team up with China to develop biofuels.
Lula stressed his priorities for the visit was to focus on renewable fuels, especially ethanol and bio-diesel. The two developing countries already have strong trade ties.
Brazil has been promoting its ethanol technology to China, using sugarcane as feedstock. But given China's own shortage of sugar, China is not considering any sugarcane-based ethanol.
Brazil has also been proposing to export Brazilian-made fuel ethanol to China, but it now faces high import taxes as well as consumption taxes.
‘If you don't have land to produce but you need energy, you can finance other countries that can produce to meet your market needs,’ said Lula.
Brazil is the only country in the world where nearly 90% of all cars sold are flex-fuel, able to run on either petrol, 100% ethanol, or a blend.
Lula stressed his priorities for the visit was to focus on renewable fuels, especially ethanol and bio-diesel. The two developing countries already have strong trade ties.
Brazil has been promoting its ethanol technology to China, using sugarcane as feedstock. But given China's own shortage of sugar, China is not considering any sugarcane-based ethanol.
Brazil has also been proposing to export Brazilian-made fuel ethanol to China, but it now faces high import taxes as well as consumption taxes.
‘If you don't have land to produce but you need energy, you can finance other countries that can produce to meet your market needs,’ said Lula.
Brazil is the only country in the world where nearly 90% of all cars sold are flex-fuel, able to run on either petrol, 100% ethanol, or a blend.
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