It's being reported that Brazil has failed to produce enough sugarcane to meet its own ethanol demand. As a result, Brazil will be forced to rollback its ethanol blend from E25 to E20. In response, Growth Energy CEO Tom Buis has stepped forward with a warning that U.S. public policy should not make America dependent on Brazilian sugarcane ethanol.
"It makes no sense to become dependent on any foreign source of energy - such as Brazil, especially if it can't meet its own ethanol needs," Buis said.
Critics of American ethanol say Brazilian ethanol is the solution, that has been seen in California, where the state's Air Resources Board fixed a Low Carbon Fuel Standard that blocks domestic ethanol but opens the state's doors to Brazilian ethanol.
"We can produce more than enough ethanol in this country using domestic feedstock, and we should," Buis said.
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