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Europe is loading up on cheaper Brazilian ethanol, tripling imports in order to cope with the energy crisis triggered by the war in Ukraine.
Prices for natural gas and power are so high in Europe that some ethanol makers have considered shutting down plants. As in other countries, it’s a requirement that ethanol be blended with gasoline in Europe. Luckily, Brazil is stepping in with a more affordable alternative, which could bring down the cost of driving.
Brazilian ethanol shipments to Europe through September were three times higher than the previous year. The buying binge especially took off starting in
