Corn is expected to account for over 20% of total ethanol volume in the Brazilian market in 2023-24. This will be achieved through greenfield projects and the expansion of existing plants. According to Aparício Bezerra, the Director of Operations at Lucas E3, a technology provider for corn ethanol plants, the corn ethanol market is currently in a good position with many project expectations. The affordable price of corn creates a positive outlook for the industry. Despite changes in parity with gasoline, ethanol has persisted and remains a strong solution for global demand to move towards biofuels.
Source: Jornal Cana (*Translated by Ia Niani)