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▲ 1.38% B3SA3 15.33 ▲ 1.39% WEGE3 44.21 ▼ 0.41% PRIO3 57.00 ▼ 0.35% SUZB3 41.25 ▼ 0.58% RENT3 40.39 ▲ 0.47% AZZA3 18.82 ▼ 2.08% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.48 ▼ 4.25% GMAT3 3.96 ▲ 0.51% PSSA3 54.24 ▲ 0.37% CVCB3 1.28 ▲ 2.40% POSI3 3.93 ▼ 1.50% SLCE3 13.72 ▼ 1.08% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.01 ▲ 0.75% CSNA3 5.13 ▼ 2.10% CMIN3 5.20 ▼ 4.59% USIM5 8.30 ▼ 0.95% GGBR4 23.15 ▲ 1.45% ENEV3 26.79 ▼ 0.33% CPFE3 47.23 ▲ 0.83% CMIG4 11.12 ▲ 0.45% EQTL3 40.55 ▲ 0.85% LREN3 14.14 ▼ 0.07% VIVT3 35.42 ▲ 1.99% RAIL3 14.15 ▲ 0.28% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.41 ▲ 1.15% RDOR3 35.56 — 0.00% HAPV3 10.65 ▲ 1.82% FLRY3 16.33 ▲ 1.11% SMTO3 16.16 ▼ 1.28% UGPA3 29.96 ▼ 3.14% VBBR3 32.92 ▲ 0.49% BBSE3 40.18 ▼ 0.25% BPAC11 57.90 ▲ 0.66% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.33 ▲ 0.95% COMPASS 25.13 ▲ 1.45% VAMOS 3.03 ▲ 0.33% SANB11 27.33 ▼ 0.15% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.66 ▲ 0.02% GMEXICO 200.17 ▲ 2.34% FEMSA 233.53 ▲ 3.63% CEMEX 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PCAR3 2.48 ▼ 4.25% GMAT3 3.96 ▲ 0.51% PSSA3 54.24 ▲ 0.37% CVCB3 1.28 ▲ 2.40% POSI3 3.93 ▼ 1.50% SLCE3 13.72 ▼ 1.08% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.01 ▲ 0.75% CSNA3 5.13 ▼ 2.10% CMIN3 5.20 ▼ 4.59% USIM5 8.30 ▼ 0.95% GGBR4 23.15 ▲ 1.45% ENEV3 26.79 ▼ 0.33% CPFE3 47.23 ▲ 0.83% CMIG4 11.12 ▲ 0.45% EQTL3 40.55 ▲ 0.85% LREN3 14.14 ▼ 0.07% VIVT3 35.42 ▲ 1.99% RAIL3 14.15 ▲ 0.28% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.41 ▲ 1.15% RDOR3 35.56 — 0.00% HAPV3 10.65 ▲ 1.82% FLRY3 16.33 ▲ 1.11% SMTO3 16.16 ▼ 1.28% UGPA3 29.96 ▼ 3.14% VBBR3 32.92 ▲ 0.49% BBSE3 40.18 ▼ 0.25% BPAC11 57.90 ▲ 0.66% CURY3 32.76 ▼ 1.09% AERI3 2.08 — 0.00% VIVARA 23.33 ▲ 0.95% COMPASS 25.13 ▲ 1.45% VAMOS 3.03 ▲ 0.33% SANB11 27.33 ▼ 0.15% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.66 ▲ 0.02% GMEXICO 200.17 ▲ 2.34% FEMSA 233.53 ▲ 3.63% CEMEX 22.19 ▲ 1.88% GFNORTE 187.00 ▲ 2.71% BIMBO 56.50 ▲ 1.13% TELEVISA 9.52 ▼ 0.94% AMX 22.88 ▲ 1.28% GAP 387.30 ▼ 5.12% ASUR 277.84 ▼ 0.30% OMA 233.89 ▲ 0.24% KOF 182.23 ▲ 0.54% GRUMA 282.62 ▲ 0.44% KIMBER 38.40 ▲ 0.47% SQM-B 67,642 ▲ 0.64% COPEC 6,064 ▲ 0.12% BSANTANDER 78.74 ▲ 0.69% FALABELLA 5,915 ▲ 0.17% ENELAM 85.44 ▲ 1.47% CENCOSUD 2,055 ▲ 0.74% CMPC 1,078 — 0.00% BANCO CHILE 188.47 ▲ 1.88% LATAM AIR 24.75 ▼ 0.60% YPF 77,300 ▲ 0.16% GGAL 8,025 ▼ 0.68% PAMPA 5,200 ▼ 0.48% TXAR 663.00 ▼ 0.23% ALUAR 960.00 ▼ 0.47% TGS 9,710 ▲ 1.46% CEPU 2,311 ▼ 0.35% MIRGOR 16,800 ▼ 1.18% COME 45.23 ▲ 1.00% LOMA NEGRA 3,568 ▲ 2.00% BYMA 304.50 ▼ 1.22% TELECOM ARG 4,275 ▲ 0.59% ECOPETROL 16.01 ▲ 0.82% BANCOLOMBIA 81.60 ▲ 1.47% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 390.59 ▲ 0.35% SOUTHERN COPPER 179.65 ▲ 2.93% BUENAVENTURA 30.69 ▲ 2.90% MERCADOLIBRE 1,875 ▲ 0.40% NUBANK 14.01 ▲ 2.45% XP 16.79 ▲ 2.54% PAGSEGURO 9.24 ▼ 0.43% STONE 11.23 ▲ 0.72% GLOBANT 31.73 ▼ 1.23% TECNOGLASS 43.25 ▲ 0.96% GAP AIRPORT 222.10 ▼ 4.58% ASUR 277.84 ▼ 0.30% OMA AIRPORT 107.37 ▲ 1.17% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 134.10 ▲ 3.95% CEMEX ADR 12.74 ▲ 2.33% PETROBRAS ADR 17.94 ▲ 0.32% VALE ADR 14.56 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Tuesday, July 14, 2026

Brazil Business

Brazil Fuels an Ocean Ship With Ethanol for the First Time

By · July 14, 2026 · 3 min read

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Energy

Key Facts

The first. A container ship refuelled with Brazilian ethanol at the Port of Santos on July 12, a national first.

The volume. The CMA CGM Iron took on 650,000 litres of ethanol supplied by trading group Copersucar.

The route. The 13,000-container tri-fuel ship is bound for Asia, calling at Sri Lanka and Singapore before China.

The cut. Companies estimate ethanol lowers emissions by about 70% versus conventional fossil bunker fuel.

The prize. Shipping could become a large new market for Brazil, the world’s second-biggest ethanol producer.

For the first time, an ocean-going ship has refuelled with Brazilian ethanol. The operation at the Port of Santos points to a possible new export market for the country’s signature biofuel.

Brazil Fuels an Ocean Ship With Ethanol for the First Time. (Photo internet reproduction)
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The container ship CMA CGM Iron took on ethanol during a stop at Santos on July 12. It was the first time the sugarcane-based fuel powered an ocean-going vessel in Brazil.

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How the ethanol fuelling worked

The ship took on 650,000 litres of anhydrous ethanol supplied by Copersucar, the trading arm of dozens of Brazilian sugar and ethanol producers. The refuelling was carried out by Denmark’s Bunker One.

The vessel carries up to 13,000 containers and runs a tri-fuel engine, able to use conventional bunker fuel, methanol or ethanol. It is bound for Asia, calling at Sri Lanka and Singapore before China.

The step followed two years of testing and engine work. Terminal operators AGEO and Santos Brasil also took part in the multi-company operation.

Why ethanol at sea matters

Shipping is one of the hardest sectors to clean up and accounts for roughly 3% of global emissions. The industry regulator has set a net-zero goal for 2050, creating pressure to find low-carbon fuels.

Companies estimate ethanol can cut a vessel’s emissions by about 70% against fossil bunker fuel. For Brazil, the world’s second-largest ethanol producer, that could open a vast new market beyond the petrol pump.

Copersucar’s chief executive, Tomás Manzano, called ethanol the most economically competitive of the green options. It is still pricier than fossil bunker fuel, but he said carbon credits could help close the gap.

Still a long way from scale

The demonstration is tiny next to the fleet. The CMA CGM Iron is one of just 12 tri-fuel ships the group runs among more than 700 vessels, and only around 70 ships worldwide can burn ethanol today.

Bottlenecks remain. Executives cite the need for new rules on producing and shipping the fuel, foreign certifications for export, and the green supply corridors that would keep such ships fuelled.

There is also resistance abroad. The European Union has questioned Brazilian ethanol on food-versus-fuel grounds, a stance some analysts read as protectionism dressed up as food security.

Still, the players are betting on scale. Bunker One says about 400 more ships able to run on ethanol or methanol are due out of shipyards in the coming years, widening the potential customer base.

For a foreign reader, the pitch is geographic. Santos, the largest port in Latin America, wants to become a low-carbon fuelling hub linking Brazil’s cheap renewable fuel to global shipping lanes.

What happened at the Port of Santos?

On July 12 the container ship CMA CGM Iron refuelled with 650,000 litres of Brazilian ethanol, the first time the fuel powered an ocean-going vessel in Brazil. Copersucar supplied the ethanol and Bunker One carried out the operation.

How much cleaner is ethanol as a ship fuel?

Companies involved estimate ethanol cuts a vessel’s emissions by about 70% compared with conventional fossil bunker fuel. That makes it attractive as the shipping industry works toward a net-zero target set for 2050.

Can ethanol become a big marine fuel market for Brazil?

Potentially, since Brazil is the world’s second-largest ethanol producer. But scale is limited by the small number of ships able to burn it, higher costs than fossil fuel, and the need for new regulations and export certifications.

Connected Coverage

Brazil’s Corn Ethanol Eyes a New Market: Ship Fuel

Brazil’s 50-Year Ethanol Bet Pays Off as the Iran War Roils Fuel

Port of Santos Sets Record for Start of 2026 as Cargo Climbs

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