Biofuels production in Brazil to grow 200% according to IEA | Biofuel | Scoop.it

Biofuel production in Brazil is expected to grow over 200% - from 1.3 million to 4.1 million barrels compared to oil - by 2035, estimates the IEA - International Energy Agency. In the same period, the use of ethanol in transport will rise from the current 3% to 8%, yet according to the organization.

The numbers were presented on March 17 by the head of the industry and the IEA oil market, Antoine Halff. A speaker at the International Seminar on Biofuels organized by IBP (Brazilian Institute of Oil, Gas, and Biofuels) and WPC (World Petroleum Council), Halff opened the event schedule that brought together Brazilian and foreign experts.

According to Halff, forecasts for Brazil in the next 20 years are optimistic: in addition to nearly multiplying by four its generation of renewable energy, the country will account for 40% of the world exports of biofuels. The production of natural gas will increase fivefold and the country will become the 6th largest oil producer in the world, with a daily production of over 6 million barrels per day.

"The energy map is changing the world. There is a redistribution of supply and demand for oil and biofuel and Brazil we see today as the pivot of this transformation," he said. In fact, the country has gained prominence with four chapters on the latest World Energy Outlook report published by the Agency which serves as a benchmark for the market.

Another speaker who also praised Brazil's potential was Dr. József Tóth, Chief Advisor to the Chairman & CEO of the IEA, which ranked the country as the "Mecca of biofuels." "There are many places in the world producing this type of fuel, but none in such quantity and quality as Brazil," he said.

 


Via Dr. Charlotte Linfoot