2G ethanol overcoming tech glitches, competitive with oil at $70

Second-generation ethanol production is overcoming the technical difficulties that had slowed its development and is now seen as commercially competitive with oil prices near $70 per barrel, industry representatives said on Thursday.

As countries worldwide prepare to deliver on their respective commitments to the Paris climate deal, growing global regulations that favor advanced biofuels and programs that put a price tag on carbon-based fuels are creating a more positive environment, biofuels executives said at the “Forum Brasil Bioeconomia 2018” seminar in Sao Paulo.

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