Brazil ethanol demand to grow 77 pct by 2015

Newswire

SAO PAULO, Aug 19 (Reuters) - Boosted by a growing fleet of flex-fuel cars, Brazil's demand for ethanol could reach 32 billion liters by 2015, 77 percent more than is consumed currently, a local consultant said on Tuesday. Demand for cane-derived ethanol has been at record levels in recent months due mainly to booming sales of flex-fuel vehicles. Launched in 2003, these cars can run solely on ethanol or mixed with gasoline in any proportion. "This rise in demand evidently has to do with ...

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