Brazilian Government Becomes Sponsor of Indy Races

Sugarcane being harvested in Brazil Brazil's trade promotion agency, APEX-Brasil's, decision to sponsor the top ethanol-powered auto racing category, the Indy Racing League (IRL), contributes to consolidate ethanol as a global commodity and is in the spirit of a Memorandum of Understanding on biofuels signed between the governments of Brazil and the United States in 2007.

According to the president of the Brazilian Sugarcane Industry Association (UNICA), Marcos Sawaya Jank, the deal strengthens a natural partnership between Brazil and the United States, the world's top producers and consumers of ethanol.

Together, the two countries account for more than 75% of global ethanol production. "This will help ethanol to attain global energy commodity status as well as fulfill its vital objectives: to help provide energy security and reduce greenhouse gas emissions," he added.

A letter of intention was signed this Monday, November 17, between APEX-Brasil and the IRL on the opening day of the First International Brazil-Biofuels Exhibition held at the Grand Hyatt Hotel in São Paulo.

UNICA was notified in late October that negotiations between APEX-Brasil and the IRL were underway, and that the overall objective for APEX-Brasil is to utilize the Indy Car racing season to promote a variety of Brazilian products in the three countries where the league holds its races: the United States, Canada and Japan.

APEX-Brasil has requested that UNICA consult its 116 member companies to identify those interested in supplying their own ethanol, or purchasing ethanol from feedstocks other than sugarcane, to fuel the Indy races.

According to UNICA, regardless of the feedstock used in its production – corn, sugarcane, or various cellulosic materials in the future – the final molecular composition is the same. The end result is a clean, renewable biofuel that reduces dependence on fossil fuels and combats one of the major causes of climate change.

In times of widespread energy, financial and environmental dilemmas, UNICA believes the use by the IRL of ethanol sourced from different agro feedstocks symbolizes the dream of greater energy integration involving countries throughout the Americas, an idea with the potential to spread to the entire planet.

"The involvement of APEX-Brasil is a natural next step, since several Brazilian pilots already compete in the IRL. We're anxious to contribute so that Indy continues to showcase all of the benefits of ethanol use instead of fossil fuels. This involves teamwork, and both the United States and Brazil, as major producers and users of ethanol, have the duty to remain ahead of the pack in the global race for alternative energy sources," concluded Jank.

The Brazilian Sugarcane Industry Association (UNICA) represents the top producers of sugar and ethanol in Brazil's South-Central region, especially the state of São Paulo, which accounts for about 50% of the country's sugarcane harvest and 60% of total ethanol production.

UNICA develops position papers, statistics and specific research in support of Brazil's sugar, ethanol and bioelectricity sectors. In 2007, Brazil produced an estimated 490 million metric tons of sugarcane, which yielded 30.5 million tons of sugar and 22.3 billion liters of ethanol.

Service

UNICA Site: www.portalunica.com.br

Tags:

You May Also Like

Reform Now?

When he was first elected in 1994, president Cardoso promised a sweeping political reform, ...

Brazil Intent on Lowering Debt/GDP Ratio from 51% to 44% in 4 years

Brazil’s Minister of Finance, Guido Mantega, said Tuesday, April 18, that the Budget Guidelines ...

After Breaking Records Brazilian Markets Take a Breather

Latin American markets declined, as investors took some profits after the major regional indices ...

Cruise Liners Discover Brazil: A Quarter Million Tourists in 2006

The city of Rio de Janeiro, in the southeast of Brazil, is becoming one of ...

Flying Words

Brazilians, in their eagerness to learn English, engender terrible Anglicisms. A very sad one ...

EU and Mercosur Betting They Will Soon End Stalemate for Accord

The European Union seeks to reach an associative agreement with Mercosur in May 2006, ...

Brazilian TAM's ticket counter

Brazil’s Number 1 TAM and United Airlines Form Alliance

Brazil's TAM Linhas Aereas and United Airlines, a founding member of the Star Alliance, ...

200 People Feared Killed Under Mudslide in Niterói, Rio de Janeiro

200 people may have been killed in a landslide in a Rio de Janeiro ...

Brazil Set to Make Large Helicopters. Government Will Be Client

A Brazilian-French cooperation agreement in the military aerospace sector has just been signed between ...

Latin America Gathers in Brazil to Oppose Free Trade Agreements

The cities of São Paulo, Rio de Janeiro, BrasÀ­lia and Belo Horizonte will be ...