Biodiesel and Ethanol Investing

Latin American Herald Tribune reports that flex-fuel technology that allows cars to run on sugar-based ethanol in Brazil has prevented the emission of more than 75 million tons of carbon dioxide into the atmosphere, said industry group Unica. The trade organization said the figure also takes into account the effect of the regulation requiring conventional gasoline to include 25% ethanol. Between January and September, almost 2 million flex-fuel automobiles were registered in Brazil, 7% more than during the same period in 2008. Brazil’s flex-fuel fleet exceeds 7 million vehicles, or 94% of the automobiles in the country.