Ecuador to up domestic ethanol sales by 2017

Ecuador's government is looking to expand local ethanol distribution throughout the country by 2017 to reduce gas emissions and fuel imports.

The mix, which contains locally-produced sugarcane ethanol is expected to replace a type of petrol named extra, and will represent 45% of the national fuel market, after diesel and other types of petrol.

The government anticipates private investments of $470 million (€371.4 million) in the industry and cane plantations.