Vinicius Damazio

Oct 10, 2024 | spglobal.com | Kauanna Navarro |Vinicius Damazio

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Oct 9, 2024 | spglobal.com | Vinicius Damazio

Brazilian President Luiz Inácio Lula da Silva signed Oct. 8 the long-awaited Fuel of the Future program into law, which promises to unlock investments worth Real 260 billion ($46.9 billion) and prevent the emissions of 705 million metric tons of CO2 by 2037. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.

Sep 19, 2024 | spglobal.com | Kauanna Navarro |Vinicius Damazio

The Brazilian government's new aimed at boosting the use of biofuels could ease the country's fuel deficit, even as increasing overall demand means imports continue to rise, industry sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. "There is space for everyone, fossil fuels and renewables.

Sep 6, 2024 | spglobal.com | Kauanna Navarro |Vinicius Damazio

The widening gap between Brazilian gasoline prices in the domestic market and import parity prices is driving a stronger demand outlook for gasoline relative to other fuels. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. This trend suggests that consumers may favor domestic gasoline over imported cargoes, potentially influencing market dynamics and pricing strategies across the fuel sector.

Dec 5, 2023 | argusmedia.com | Vinicius Damazio

Brazil's range of clean energy initiatives under the Fuel of the Future program's umbrella should unlock R200bn ($40bn) in financing by 2037, mines and energy minister Alexandre Silveira said at the UN Cop 28 climate summit in Dubai. Silveira told a panel on Monday that over R105bn will go towards state-level biofuels policy Renovabio, which establishes annual decarbonization goals for the fuel sector, and Rota 2030, a development program for the automotive industry.