Released May 19, 2020 | Cordoba
en
According to data from the Brazilian Ministry of Agriculture, Livestock and Supply (Mapa),
This has led to many companies evaluating investments to construct new ethanol storage tanks, either in the short term to combat the COVID-19 crisis, or in the medium to long term in preparation for upcoming economic difficulties that they may face.
Industrial Info has reported on nine ethanol storage tank addition projects in Brazil worth $13.65 million since the pandemic outbreak in Latin America. This includes SJC Bioenergia Limited's $2.5 million planned investment to install three new ethanol storage tanks and increase its storage capacity by 100 million liters by 2022.
Unica, Brazil's sugarcane industry association, estimates that the sector needs to invest about R$9 billion (US$1.55 billion) to increase its storage capacity by 6 billion liters in order to accommodate the ethanol surplus.
Industrial Info is tracking 34 ethanol storage projects in Brazil worth US$51.88 million. Click here for a list and see graph below.
This has led to many companies evaluating investments to construct new ethanol storage tanks, either in the short term to combat the COVID-19 crisis, or in the medium to long term in preparation for upcoming economic difficulties that they may face.
Industrial Info has reported on nine ethanol storage tank addition projects in Brazil worth $13.65 million since the pandemic outbreak in Latin America. This includes SJC Bioenergia Limited's $2.5 million planned investment to install three new ethanol storage tanks and increase its storage capacity by 100 million liters by 2022.
Unica, Brazil's sugarcane industry association, estimates that the sector needs to invest about R$9 billion (US$1.55 billion) to increase its storage capacity by 6 billion liters in order to accommodate the ethanol surplus.
Industrial Info is tracking 34 ethanol storage projects in Brazil worth US$51.88 million. Click here for a list and see graph below.
