Friday, August 19, 2022
HomeEconomyRazak Dawood favours utilizing Brazilian experiences for ethanol production

Razak Dawood favours utilizing Brazilian experiences for ethanol production

March 05, 2020: Adviser to Prime Minister on Commerce Abdul Razak Dawood Thursday highlighted the importance of enhancing Pakistan-Brazil bilateral cooperation to exploit the existing potential of bio-energy (Ethanol) and value addition in Agriculture field.

He was addressing a technical seminar on “Sustainable Mobility: Ethanol Talks-Pakistan,” jointly organized by Pakistan Sugar Mills Association and the Brazilian government.

The adviser said that Brazil was the largest sugarcane and second-largest ethanol producer in the world, whereas Pakistan was also having huge production in these agriculture commodities, hence providing an opportunity for the country to utilize Brazilian experience and technology for benefit of the country’s economy.

“We need to learn from Brazilian experience and take benefit of their technology in ethanol sector for the long-term benefit,” he said adding that the government was taking measures to facilitate sugarcane and ethanol sector of the country.

He said that Pakistan had a huge sugarcane farming sector, hence it had no choice but to invest in the agriculture sector and ensure the best possible processing of the agricultural produce to boost exports.

He said that the technology could help the country produce better fuel in the form of ethanol, highlighting the need to sensitize people about this benefits of this kind of fuel, which could also be used in the pharmaceutical sector.

He was of the view that country’s exports could be enhanced manifold through the value-addition of agriculture products, that would support in improving the balance of payment situation, enhance energy resources and in addition reduce environmental pollution.

The adviser said that this was the first-ever conference held in Pakistan on this particular topic, expressing the hope that it would come up with workable suggestions to promote this sector.

Talking about the trade balance situation, the adviser said that Pakistan was facing trade deficit, however, there is now considerable improvement in the country’s exports which is good for the economy.

He said that in dollar terms, the exports from Pakistan, on a year-on-year basis, had increased by 13.6 per cent, which showed that the economy was now moving in the right direction.

It is pertinent to mention here that said that Brazil is the second-largest ethanol producer in the world, producing 33.1 billion litres, out of which 30.8 is consumed domestically whereas 1.8 billion litres are exported, hence earning huge foreign exchange reserves for the country.

Likewise, Brazil exports approximately 40 per cent of global sugar to more than 100 countries as it produces 29 million tones sugar, out of which, it exports 19.9 million tones. In addition, the bio-fuel is the fourth electric power sources in Brazil as 21.5 TwWh bioelectricity is produced through it.

The seminar was organized by the Ministry of Foreign Affairs and Apex-Brazil, Brazilian Trade and Investment Promotion Agency, UNICA, the Brazilian Sugarcane Industry Association and ALPA, Brazil’s Ethnol Cluster.

The objective of the seminar was to promote ethanol as a modern and sustainable option for mobility. Ethanol is capable of generating immediate positive impacts on energy security, health, reduction of local air pollution and greenhouse gas emission.

APP

Posted on: 2020-03-05T16:35:00+05:00

33214

RELATED ARTICLES
- Advertisment -

Most Popular