HOT TAKE 2.0
I wanted to do a quick follow up to last night’s update - specifically on Brazilian ethanol.
When looking at Brazil ethanol feedstocks (aka what you are making the ethanol out of), it is a bit misleading on a tonnage basis as it takes almost double the quantity of sugarcane to produce one liter of ethanol as it does corn.
Here is another way to look at it - ethanol production by feedstock:
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