Brazil is renowned for being a world leader in ethanol use and this telling statistic bears that out: According to Petrobras CFO Almir Barbassa ethanol now powers more than 50% of all the light vehicles in the nation. Biofuels Digest quotes Barbassa as saying that gasoline has now become "the alternative fuel":
In fact Petrobras predicts that by 2020 that the gasoline market for light vehicles will shrink by 17%, with ethanol use increasing.
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