The Brazilian tycoon behind the world’s biggest sugar-cane operation is taking a page from billionaire Jack Ma’s playbook for his next project. Cosan SA, the powerhouse controlled by 68-year-old Rubens Ometto, is launching a version of Alipay to process payments and money transfers through smartphones. It’s a bet that could save the conglomerate millions in… Read More »
Logum, the company operating Brazil’s sole ethanol pipeline, is looking to expand the system into central Brazil to reach more plants and possibly the nascent corn-based ethanol industry, which is expected to grow. Chief Executive Wagner Biasoli told Reuters Logum has secured financing for an expansion to link new mills in the state of Minas… Read More »
The Philippine government wants to deregulate or relax restrictions the importation of sugar in 2019, according to Budget Secretary Benjamin Diokno. “Next is sugar. That’s bloodier, I think than rice. You know why? Because it’s one of the inputs to our potential exports,” Diokno said in a press briefing Wednesday.
Brazil’s Centre-South ethanol producers sold a little over 1.79 billion litres (472.86 million gallons) of hydrous ethanol in December for a 25.26% year-on-year increase. This increase in the volume sold, a record for the month, is due to the biofuels competitiveness against gasoline in the domestic market, local sugarcane industry association Unica announced today. Anhydrous… Read More »
Sugarcane will lose the status of landlord’s crop soon in the State. The State government has decided to promote internal crops within the sugarcane crop on a massive scale. In order to save the sugarcane farmers who have been facing serious financial troubles, the State government decided to implement the most successful strategy, presently being… Read More »