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Brazil Sets Sights on China's Ethanol Market

China wants to add 10% of ethanol to all gasoline used in country by 2020

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Brazil’s ethanol industry is looking to grab a chunk of China’s ethanol market as the Asian nation targets a 10% blend in gasoline to improve air quality, but a short-term jump in exports is unlikely, according to people following the matter.

Reuters reports China wants to add 10% of ethanol to all gasoline used in the country by 2020.

A source at COFCO, however, told Reuters it was unlikely China would implement the blend nationally next year.

China has a 25% additional tariff on imports of U.S. ethanol this year as part of the trade war.

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