Brazil may export about 2.2 billion liters (581 million gallons) of ethanol to the U.S. next year, up 30 percent from this year, to meet increasing demand for fuel made from sugar cane, according to SCA Trading SA.
The Environmental Protection Agency revises its annual requirements for biofuel use every November, which will probably boost the amount Brazil may export to the U.S. next year to about 2.8 billion liters, Martinho Seiiti Ono, director of the Sao Paulo-based trading company, said today at a conference. Brazilian cane mills may be able to meet about 80 percent of that demand, he said.
U.S. demand for Brazilian ethanol imports may reach 1.9 billion liters this year under the EPA’s Renewable Fuel Standard program, which requires oil companies to blend biofuels into their fuel products.
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