Brazil and Japan give fuel to ethanol market

Rising oil prices and apprehension about global warming are prompting governments to rethink their energy supply policies. Brazil has recently carried out negotiations with Japan to export ethanol produced from sugarcane. That's comes after Japan authorized the substitution of up to 3% of gasoline with ethanol to help meet its Kyoto Treaty commitments. Indeed, burning ethanol recycles atmospheric carbon instead of releasing fossilized carbon into the atmosphere, thus reducing the accumulation of greenhouse gases. The consequent increase in demand will test the feasibility of establishing sustainable industrial biotech activity in the country. "Source":[http://www.nature.com/nbt/journal/v24/n3/full/nbt0306-232.html].

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