 Brazil will need to invest US$ 5
billion per year over the next 20 years to meet the expected world demand for
Ethanol. The hypothesis was raised in a study by researcher
Cortez Luiz of the University of Campinas (Unicamp), which was presented today
in a seminar on agribusiness held at the headquarters of
BNDES (Brazilian
Development Bank) .
According to the National Energy
Information Center (NEIC) by 2025 1,7 trillion of liters (447 billion gals) of
gasoline will be consumed yearly. If 10% of this total is substituted with
Ethanol, this will require 204 billion liters (53.6 billion gals) of Ethanol per
year. If Brazil were to meet this demand, it would require 615 new plants,
which would total US$ 31 billion in exports per year and create 5.3 million
jobs.
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