Biofuels and fuel prices
Biofuels become popular nowadays, Biofuels create big hopes for car driver, fuel price is become higher and higher.Many car driver screaming with that crazy gas price, the gas price will make the car driver’s wallet empty every day. And Biofuels come for the gas alternative than fossil fuel. But is that true biofuels are have many advantages rather than their disadvantages?. Every objects in this world have advantages site and disadvantages site.
Key production factors such as a diverse climate, geography and
geological conditions, an abundance of disposable land coupled with
lower land prices, low labor costs, and government incentives
demonstrate Brazil's many cost competitive advantages that should
allow it to grow its low-cost production. Furthermore, the increased
use of flex-fuel vehicles, as well as growing requirements on a global
level for fuel with an ethanol/gasoline blend, show potential for
continued evolution in the industry.
Throughout 2008, Fitch expects Brazilian sugar and ethanol
producers will continue to improve, while biodiesel producers will be
more challenged. 'Ethanol and sugar producers' performance should
improve gradually during the 2008/2009 harvest due to a slight
recovery in sugar prices, a continued increase in ethanol sales, and
increased participation in the energy sector,' said Revisson Bonfim,
Director in Fitch's Latin America Corporates Group. 'Additionally,
ethanol producers in Brazil may eventually benefit from the
insufficient natural gas supply in the short and intermediate term.'
Growth potential for biodiesel is expected to remain strong,
driven by favorable macroeconomic policies such as long-term mandatory
and authorized blends of diesel in the domestic market, along with
increasing demand prospects overseas.
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Biofuels and fuel prices
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