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Brazil and US to boost biofuel technology trade

A joint trade mission has been announced between the BRIC country and the US to enhance biofuel trade between the two countries

The US and Brazil are the world’s largest biofuels producers and exporters

For the first time, a trade mission has been launched to boost trade in biofuels and associated technology between Brazil and the US.

Up to 15 US companies will be selected to visit São Paulo and Recife from 30 September to 2 October, in order to match up with Brazilian companies seeking greater trading opportunities.

The mission is being co-organised by the US Renewable Fuels Association (RFA), the Brazilian Sugarcane Industry Association (UNICA) and the US Advanced Biofuel Association (ABFA).

Importers and exporters of biofuel and related technology will be introduced to enhance bilateral relationships.

“As the world's largest biofuels producers and exporters, the United States and Brazil recently removed trade barriers protecting their domestic ethanol industries and have taken steps towards greater energy cooperation, particularly in advanced technologies,” said Elizabeth Farina, President and CEO of UNICA.

According to the Brazil - U.S. Business Council (BUSBC), which will also help to administer the mission, Brazil is second to the US in both consumption and production of ethanol. Massive trade also exists between the two countries: the US has exported over 97m litres of ethanol to Brazil since January 2013, while 397m litres of Brazilian ethanol have been imported into the United States.

Bob Dinneen, President and CEO of RFA stressed the importance of this cooperation between the two countries. “As world leaders in biofuel production and trade, our two nations have a unique ability to help promote and support biofuel demand around the globe.”

The BUSBC, which is part of the US Chamber of Commerce, is cooperating as part of its Export Green Initiative, which was created to promote US exports of renewable and green commodities and technologies.

The mission will be an opportunity for Brazil to show leadership in the use of "next generation" and aviation biofuels. This announcement follows the news of Brazil’s USD 2.85 investment in biofuel technology to move further up the value chain.