How big is the global bioethanol market potential?
Very large. FlexFuel vehicles have been designed to run on either petrol (gasoline) or ethanol (up to 100% concentration). The majority of new vehicles bought in Brazil are FlexFuel vehicles because ethanol made from sugar cane in Brazil is cost-competitive with petrol (gasoline). The bottleneck for bioethanol growth outside of Brazil is not the lack of a market demand but the lack of supply of sustainable, cost-competitive bioethanol. In order to stimulate growth in the biofuels markets, the USA and Europe have introduced biofuel usage targets going forwards.
Very large. FlexFuel vehicles have been designed to run on either petrol gasoline (petrol) or ethanol (up to 100% concentration). The majority of new vehicles bought in Brazil are FlexFuel vehicles because ethanol made from sugar cane in Brazil is cost-competitive with gasoline (petrol). The bottleneck for bioethanol growth outside of Brazil is not the lack of a market demand but the lack of supply of sustainable, cost-competitive bioethanol. In order to stimulate growth in the biofuels markets, the USA and Europe have introduced biofuel usage targets going forwards.
