Gateway here is the article,posted by HIGHRISEOIL, April 10 2006........UPDA___ NEXT BIG ETHANOL PLAY.. WATCH UPDA/ PEMEX Becoming an ETHANOL PLAY>> Yet not one word on these boards, cause no one even knows..
www. bloomberg.com/apps/news?pid=10000086&sid=arXKhTIJbp5s&refer=latin_america
Brazil Needs to Invest $10 Bln to Meet Ethanol Demand (Update1)
Jan. 23 (Bloomberg) -- Brazil's sugar-cane industry needs $10 billion of investment by 2012 as rising demand for ethanol leaves sugar makers short of cane and drives up the price of sugar to record highs, the country's agriculture minister said.
Brazil, the world's largest sugar producer, needs to build 73 new mills to convert sugar cane into ethanol and to plant an additional 2.5 million hectares of cane, an increase of almost 50 percent, Agriculture Minister Roberto Rodrigues said today in Brasilia. Brazil produces 5.5 million hectares of sugar cane, about half of which goes to produce ethanol, a motor fuel.
Concern that more of the world's sugar-cane crop will be used to produce ethanol and less for sugar sent raw sugar prices to a 24-year high in New York today. In Brazil, ethanol is cheaper than gasoline.
``Ethanol is strategic for the country,'' Rodrigues told reporters in a hallway as he came out of a ministry meeting with Brazilian sugar and ethanol industry executives. He expects demand for ethanol to double over the next eight years.
Raw-sugar futures for March delivery rose 1.2 percent to 17.35 cents a pound on the New York Board of Trade, the highest closing price in at least 20 years. Prices earlier surged as much as 9.3 percent to 18.75 cents. That may have been the highest since June 2, 1981, when raw sugar closed at 18.85 cents, according to C. Czarnikow Sugar Ltd., the world's largest sugar broker.
All Brazilian gasoline is, by law, 25 percent ethanol and most new cars sold in the country can run on any mixture of gasoline or ethanol.
www. mocorn. org/updates/2003/WeeklyUpdate04-09-03. htm
MARKET FOR ETHANOL SOUTH OF THE BORDER
According to the U.S. Grains Council (USGC), more ethanol could be moving to Mexico following a decision by Petroleos Mexicanos (Pemex) to use ethanol as a replacement for MTBE in fuel. Pemex, Mexico’s governmental oil and gas company, plans to transform sugar cane facilities into ethanol refineries - a task that could take until 2007 to complete. According to Dr. Ricardo Celma, USGC Mexico City office director. “Up until now, Pemex did not allow ethanol use and the ability to use Mexican sugar cane is very limited.” It is projected that gasoline containing ethanol as an oxygenate could be on the market in Mexico City, Guadalajara and Monterrey within eight months.
www. bbiethanol. com/news/view.cgi?article=287
Illinois in talks to boost Mexico ethanol sector
Illinois state officials may travel to Mexico as soon as next week to discuss exporting U.S. ethanol expertise that Mexico could use to reduce its sugar surplus, a spokesman for Illinois Gov. George Ryan said on Tuesday.
"What we are discussing with the Mexican government is to have sugar-based ethanol produced there," said Dennis Culloton, a Ryan spokesman.
The governor met for 30 minutes on Monday with Mexican President Vicente Fox, who stopped in Illinois as part of a five-day U.S. tour. No formal agreement was reached on ethanol, Culloton said, but the two leaders established a framework for future talks.
Culloton said the plan would involve "exporting the ethanol technology and expertise, and perhaps a partnership with a company like Archer Daniels Midland, and developing ethanol there."
Archer Daniels Midland Co. , the grain processing giant based in Decatur, Illinois, is a major producer of ethanol, a gasoline additive. Most of the ethanol produced in the U.S. Midwest comes from corn, but sugar is another possible source.
Culloton said ADM has worked with Petroleos Mexicanos (Pemex), the state-owned oil company, on the issue of ethanol. An ADM spokesman was not immediately available for comment.
Culloton said Ryan and Fox also discussed the possibility of exporting U.S. corn to Mexico, although no details were given. Illinois is the second-largest U.S. corn producer.
"There may be some opportunities for our corn to be used, for example, in tortilla manufacturing," Culloton said. "The prime focus at this point is sugar, since the sugar farmers and the Mexican government are looking for other value-added markets for their sugar production."
The spokesman said the Illinois officials heading to Mexico, including state Department of Agriculture Director Joe Hampton and Department of Commerce and Community Affairs Director Pam McDonough, would likely meet with officials from the Fox administration and from Pemex.
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