Greenergy Brazil launched to source and sell sustainable Brazilian bioethanol

According to the press release, “Greenergy International Ltd, one of the biggest fuel suppliers in the UK, has announced that it has entered into a joint venture with Bauche Group (30%), a leading expert in the sugarcane industry, to source and sell sustainable Brazilian bioethanol. The new business, Greenergy Brazil headquartered in Sao Paulo, has been established to meet increasing demand for UK RTFO and EU Renewable Energy Directive compliant bioethanol.

Greenergy supplies a number of UK fuel companies and forecourt operators with sustainable Brazilian bioethanol and has established an extensive gold standard sustainability audit programme for producers in Brazil. The joint venture will help secure future supplies of sustainable product, reduce the overall cost of buying bioethanol and secure Greenergy’s role as the leading inland supplier to the UK and Europe. In 2010 traded volumes are expected to exceed 600,000 cbm, of which approximately 50% will be supplied by Greenergy into the UK market. These levels are expected to more than double over the next 3 years as obligated biofuel inclusion levels increase across Europe.

The new business brings together two of the leading players in the development of Brazil’s bioethanol export market. Bauche Group has an established presence in Brazil with extensive trading relationships with local mills and has been working with Greenergy to establish best practice suppliers of sustainably sourced and traceable bioethanol for movement into the UK and Europe for a number of years.

The joint venture will strengthen Greenergy’s commercial relationships with Brazilian producers and, as a significant direct inland buyer, will give it further leverage in influencing the take up of its sustainability criteria by bioethanol mill owners. It will also underpin the delivery of Greenergy’s UK Flexibio product guaranteeing RTFO or RED compliant biofuel to major oil companies to offset their RTFO and RED compliance risk.”

Source: Greenergy Press Release