Brazil Announces Incentives and Seeks New Investments in Ethanol Fuel

According to government officials, with the new decree, RenovaBio becomes the largest financing program for the country's sugar-based energy sector.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A new regulation, signed this week by the Ministry of Mines and Energy, is expected to help Brazil’s ethanol sector receive investments close to R$13 billion per year. The measure, part of the RenovaBio (National Biofuel Policy), will regulate conditions for issuing infrastructure debentures for petroleum, natural gas and biofuel projects.

"RenovaBio, which will come into full force in January 2020, will create in the ethanol sector alone estimated investments of around R$9 billion per year, with the renewal of sugarcane plantations, and another R$4 billion . . .

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