Brazil Raises Ethanol Blend to 32%, Boosts Biofuel Investment

Brazil's August decree raises ethanol blend in gasoline to 32% (E32), within the 35% cap set by the Future Fuel Law, aiming to reduce exposure to oil price volatility from Middle East conflict. The policy is spurring private investment in new biorefineries and plant expansions, primarily for the domestic market. This reinforces Brazil's biofuel leadership and could influence global ethanol trade dynamics.