According to an International Monetary Fund (IMF) analysis, sugar-cane based ethanol is the single form of ethanol that is usually cheaper to produce than gasoline. The IMF anticipates that the global economy will increase 4.8% next year, even with the housing-sector problems and credit crunch in Europe and the United States.
In a report issued by IMF, costs and environmental benefits of various ways of producing ethanol and biodiesel were compared. Sugar-cane ethanol produced by Brazil was at least 15% cheaper to produce than gasoline. The sugarcane based ethanol is even more competitive than U.S. corn based ethanol as the corn based ethanol is 18% more expensive than gasoline. In addition, Sugar-cane ethanol also had a smaller quantity of greenhouse emissions than corn ethanol.
The senior IMF economist, Valerie Mercer-Blackman, noted that sugar-cane ethanol was able to be produced cheaper than corn ethanol for the reason that it requires fewer production steps. Stratos Renewables is in a very strategic position as it is focused on producing sugar-cane ethanol in Peru and has a solid, experienced leadership team working towards its further success.
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