Ethanol: Brazil wants to partner with India

In a seminar on business opportunities between Brazil and India, in New Dhéli, India, the Minister of Mines and Energy, Bento Albuquerque, said he believes in a partnership with the two countries to transform the ethanol in a global commodity. “Brazil is the largest producer of ethanol from sugarcane in the world. India is the world’s largest producer of sugarcane and think we should and can cooperate in this context,” he said.

The minister added that in addition to the result of this cooperation benefit everyone, it involves the development of technologies and is highlighting india’s importance in the energy market. The country imports 80% of the oil it consumes, and one of its exporters is the Brazil. The product is the most important item in bilateral trade in both countries.

“We are talking about two large countries, Brazil is the ninth economy of the world, India is the fifth. We have immense complementarities in energy, oil, gas, biofuels, solar power generation, biomass and mining,” Albuquerque said.

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