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| The Brazilians don't build plants to just turn sugar cane into ethanol. They are flex plants that can either process the sugar cane into sugar or make ethanol. Most new processing plants aren't just straight ethanol plants and can swing from a 70/30% sugar refining/ethanol production rate to 30/70% split and everything in between depending on the economics of sugar vs ethanol production. That's why the plants are so expensive...it gives the plants flexibility to produce what pays the most. They are closer to corn wet mills in the US than dry mills in that regard. | |
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Chinese ethanol imports...hey Sat!
