POINT ROBERTS, WA and DELTA, BC--(Marketwire - September 9, 2008) -
www.Renewableenergystocks.com, a leading investor news and research portal
for the renewable energy sector within Investorideas.com, reports on the
controversy and benefits of importing of Brazilian Sugarcane based ethanol.
As the Brazilian ethanol industry plans to boost ethanol demand abroad and
expand markets,
industry participants Cosan, SA (CSAN3.SA) (
NYSE:
CZZ), Industrial
Biotechnology Corporation (
PINKSHEETS:
IBOT), the EPA, John McCain and The
Brazilian Sugarcane Industry Association comment on the benefits of
sugarcane ethanol.
Brazil is expanding its production and will harvest 12% more cane than last
year, with plans to increase ethanol exports 25%. Brazil is currently the
second largest producer of ethanol in the world, after the US. According to
the Brazilian Sugarcane Industry Association, in 2007 Brazil produced an
estimated 487 million metric tons of sugarcane, which yielded 30.6 million
tons of sugar and 22 billion liters of ethanol.
Louis Dreyfus Commodities, one of the top three sugar merchandisers and
traders in the world, managing more than 2.5 million tons of sugar annually
recently announced it $433 million investment to open a new mill in
Brazil's Mato Grosso do Sul state.
In a recent Green Investor Podcast, Industrial Biotechnology Corporation
(
PINKSHEETS:
IBOT) CEO Mr. Badolato, discusses plans for its operating
subsidiary, Renewable Fuels of America Inc., to import and distribute
Brazilian sugarcane ethanol into US and coastal markets.
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081408c.mp3
Mr. Badolato reports, "We are maximizing and leveraging the existing
distributors in US and coastal areas that are logistically and economically
favorable for a port entry supply." He also comments on the environmental
benefits and cost efficiencies related to sugarcane ethanol.
He also goes on to say, "We are serving the niche of the independent
providers with the targeted coastal and port areas and storage facilities."
Industrial Biotechnology Corporation currently has a joint ventures project
and ethanol supply agreement and relationship in place with Cosan, SA.
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/081408c.mp3
According to Antonio Henrique Prado, manager for International Business
Development of Cosan (CSAN3.SA), a Brazil-based company active in the
production of sugar and ethanol, "Currently 10% of Cosan's revenues are
related to ethanol exports. Even though exports are growing, the robust
domestic demand for hydrous ethanol (due to the increasing Brazilian
flex-fuel fleet) will likely keep exports importance within Cosan's
revenues mix stable in the near term. Over the medium and long-term,
exports importance tends to increase."
He notes Sugarcane ethanol provides several advantages over other
feedstocks.
He also goes on to say, "The challenge for the Brazilian ethanol industry
is to boost ethanol demand abroad, which can be achieved by clarifying the
benefits related to sugarcane ethanol adoption and developing alternative
suppliers.
"It is our opinion that the current US import tariff on Brazilian ethanol
exports compromises the country's capacity to diversify its fuels supplier
base and ultimately drains resources from American taxpayers."
Presidential candidate John McCain recently quoted in an interview with a
Brazilian newspaper stated, "We made a series of mistakes by not adopting
a sustainable energy policy, one of which is the subsidies for corn
ethanol, which I warned in Iowa were going to destroy the market and
contribute to inflation. Besides, it is wrong to tax Brazilian-made
sugarcane ethanol, which is much more efficient than corn ethanol."
EPA Administrator Stephen L. Johnson recently announced the decision to
deny a request submitted by the State of Texas to reduce the nationwide
Renewable Fuels Standard (RFS). As a result, the required total volume of
renewable fuels, such as ethanol and biodiesel, mandated by law to be
blended into the fuel supply will remain at 9 billion gallons in 2008 and
11.1 billion gallons in 2009.
"After reviewing the facts, it was clear this request did not meet the
criteria in the law," said Stephen L. Johnson. "The RFS remains an
important tool in our ongoing efforts to reduce America's greenhouse gas
emissions and lessen our dependence on foreign oil, in aggressive yet
practical ways."
Following EPA news, The Brazilian Sugarcane Industry Association
representative in Washington, Joel Velasco, recently commented, "The next
step -- and one that Congress has yet to take -- is to reduce the
distortive tariff on imported ethanol. This one-of-a-kind tax on a clean
energy alternative serves only to punish American drivers by artificially
inflating the price of gasoline at the pump."
www.RenewableEnergyStocks.com® is one of several green investor portals
within Investorideas.com and provides investors with stock news, exclusive
articles and financial columnists, audio interviews, investor conferences
and a directory of stocks within the renewable energy sector.
About Industrial Biotechnology Corporation (
PINKSHEETS:
IBOT): Industrial
Biotechnology Corporation provides products, services and technologies
using renewable resources as an alternative to petroleum. IBC utilizes
sugarcane based ethanol which is considered the leading cost efficient,
energy balanced and environmentally sustainable feedstock source, when
compared to petroleum and other alternative fuels. IBC will provide these
cost competitive, environmentally responsible solutions via its operating
subsidiaries Renewable Chemicals Corporation (RCC) and Renewable Fuels of
America Corporation (RFAC).
For more information on Industrial Biotechnology Corporation visit:
http://www.investorideas.com/CO/IBOT/Default.asp or
http://www.industrialbiotechnology.com
Sources:
http://www.volkskrant.nl/achtergrond/buitenland/amerikaanse_presidentsverkiezin/article1058072.ece/OBAMA_CAMPAIGN_HAS_TIES_TO_ETHANOL_INTERESTS
www.sugarcaneethanolfacts.com
http://www.epa.gov/otaq/renewablefuels
Disclaimer: Our sites do not make recommendations, but offer information
portals to research news, articles, stock lists and recent research.
Nothing on our sites should be construed as an offer or solicitation to buy
or sell products or securities. This site is currently compensated by
featured companies, news submissions and online advertising. Disclosure:
Industrial Biotechnology Corporation: $5000 per month for green investor
showcase program #1. Additional compensation -- 150,000 144 shares over 12
month period issued quarterly.
www.InvestorIdeas.com/About/Disclaimer.asp
Investor Info and Regulation for Pinks Sheets:
http://www.pinksheets.com/pink/otcguide/investors_protection.jsp
Contact Information: Investorideas Contact:
Dawn Van Zant
800.665.0411
Email: