Browse Data and Analysis

The introduction of E5 gasoline in July 2023 restarted Indonesia’s bioethanol consumption after years of inactivity, albeit to a modest start of an estimated 2 million liters for 2023 due to E5’s price premium in a price sensitive market.

Total Brazilian ethanol production for 2023 is estimated at 32.95 billion liters, an increase of seven percent relative to 2022 due to the expected increase in sugarcane production and the steady increase in corn ethanol production.

India’s average ethanol blending rate with petroleum for calendar year 2022 is estimated at 9.3 percent. India’s position as a structural surplus sugar producer and gradual utilization of alternative feedstocks will drive supply, while a 35 percent increase in offtakes by parastatal oil marketing companies for ethanol blending will drive demand.

Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.