But the government is not considering tariffs on corn-based ethanol imports from the US, according to energy minister Fernando Coelho Filho.
Latin American sovereigns have relatively weak scores on global governance indicators related to corruption, and these scores have deteriorated over the past 10 years, said Moody's in a report.
Companies operating in the sugar cane-to-energy sector say biomass must emerge from the doldrums and participate in supply auctions, Zilmar de Souza of local sugar, ethanol and biomass trade association Unica tells BNamericas.
The largest share of the investments is for the oil and gas sector with 24% of the total.
Net income drops 78% as the company reports higher shale and tight output and lower horizontal well costs.