Amid the energy crisis, European countries are importing cheaper Brazilian ethanol to resolve issues that emerged due to the war in Ukraine, reports Bloomberg.
Some ethanol makers in Europe are considering shutting down plants as the prices of natural gas and power have skyrocketed.
Ethanol exported from Brazil to Europe was three times higher in September this year compared to the same period last year.
Most Brazilian companies produce ethanol from cane juice. Fibres left over after cane is crushed can be also used for ethanol production which has lower carbon emissions and it doesn’t affect food production.
