StockGuru Blog: ZAP Answers: Why Obvio !? Why Brazil? Why Flex-fuel? What is Flex-fuel?
ZAP - ZP Brazil has the flex-fuel know how. They are the world’s leader in the adoption of ethanol fuel. In April, 76.8 pct of all new vehicles or 95,596 units registered in Brazil were “flex-fuel.” Latin America’s biggest nation, Brazil is hailed as a model for its use of renewable fuels, and ethanol is available at virtually all its gas stations. Flex-fuel vehicles sales are driven by skyrocketing international oil prices. Brazil is a major producer of ethanol, which is distilled from sugar cane and sells for about half the price of gasoline in the country. A flex-fuel car…