MOSCOW (MRC) -- Brazil’s Copersucar SA, the world’s largest sugar and ethanol merchant, projects that ethanol demand in the United States could increase by 50% when the new policy to year-round sales of E15 is fully implemented, said Hydrocarbonprocessing.
Copersucar’s Chief Executive Joao Roberto Teixeira said in a call with reporters on Monday that the company sees strong potential for ethanol sales in the U.S., where it operates with its subsidiary Eco-Energy, in the next two to three years.
As MRC informed earlier, in December 2017, Copersucar, one of the world’s largest ethanol merchants, and BP’s Brazil unit said on Thursday they will form a 50-50 logistics JV in the country. The venture will operate Copersucar’s recently built ethanol storage complex in the Brazilian city of Paulinia, the country’s largest fuels hub.