Brazil’s top fuel firm is betting on growth in corn ethanol

Vibra has pivoted to renewables as part of efforts to capitalise on the energy transition. — Bloomberg

BRASILIA: Brazil’s largest fuel distributor wants to bring corn ethanol to places where petrol is still king.

Vibra Energia SA expects to benefit from a corn ethanol production boom in Latin America’s largest economy to expand sales of the biofuel in northern states, which are still heavily dependent on fossil fuels, according to chief executive officer Ernesto Pousada Jr.