(EnergyAsia, Feb 25) — Brazil’s Ministry of Agriculture, Livestock, and Supply and the Japan Bank for International Cooperation (JBIC) have agreed to develop a joint programme to increase the production of ethanol and biodiesel in Brazil for export to Japan.
In the second quarter, technicians from both countries will develop a detailed profile of Brazil’s agro energy sources to support the expansion of ethanol production for the Japanese market.
Japan is keen to provide long-term project finance for the project as it seeks to develop alternative energy sources to lessen its dependence on fossil fuels. Japan is expected to provide financial incentives for the development of agri-based fuels in Brazil.
In 2003, Tokyo passed a law allowing for alcohol to form up to 3% of gasoline mix. Japan now consumes about 1.8 billion liters per year of alcohol as fuel.