Weekly Report - 09 August 2012 (WR-12-31)

BRAZIL | Biodiesel sector forecasts mass investment. The Brazilian union of biodiesel and biokerosene (Ubrabio) and the association of Brazilian biodiesel producers (Aprobio) have said that they expect the biodiesel industry in the country to receive R$28bn (US$14bn) in investments by 2020. At an industry conference in São Paulo, Ubrabio and Aprobio, the biodiesel industry’s main organisations, said that they foresaw a “vigorous” future growth in the sector that will require multi-million dollar investments in order to meet the sector’s needs.