Interview “It's Already Happening” – Brazil Aims To Become No. 1 Bio-Economy
Brazil has become the powerhouse of Latin America. Now the world's eighth biggest economy aims to become the No.1 player in the global bioeconomy. In this interview, Prof. Dr. Carlos Alberto Aragão gives us a deep insight into the Brazilian development.
Brazil ,the South American shooting star, aims for a leading role in the world's bioeconomy. With vast resources of biomass and feedstock but also engineering expertise and a long tradition in the use of biofuels, the country is well equipped for tomorrow's challenges. We had a talk with Prof. Dr. Carlos Alberto Aragão de Carvalho Filho of Brazils' National Council for Scientific and Technological Development (CNPq) about the recent development in his country.
PROCESS: Dear Mr. Aragão, at the ECCE you expressed that Brazil could close the gap to Western economies within the next few years if not surpass them. What makes you so confident?
Prof. Dr. Aragão This is already happening. The British press announced earlier this year that British GNP has been superseded by the Brazilian GNP. Now Brazil is closing the gap with France, and may become the 5th economy in a few years.
How did the Country achieve this this impressive development?
Prof. Dr. Aragão
It is the result of consistent policies to curb inflation, and promote economic development, coupled to social programs that have allowed over 30 million people to cross the poverty line. As a consequence, the growth of the internal market has made the country less vulnerable to external crises, and at the same time more attractive to foreign investment.
However, since the population of this country is much larger than either the British of French, our per capita income in accordingly lower, which will require important investments in quality education for all, infrastructure, and innovation.
PROCESS: I see. Brazil has some impressive and performant companies like VALE, Embraer or Petrobras to name a few. But which companies do you consider to be the most promising players in the field of bio economy?
Prof. Dr. Aragão To name a few: Braskem, Oxiteno, Suzano, Vale, Petrobras, ETH. Others are food producers, like Brazil Foods and Frigoboi, that are diversifying their portfolios, in an attempt to use their abundant residues to make valuable goods.
Large cosmetics/personal goods companies, like Boticario and Natura, are also diversifying their product portfolios. Furthermore, there exist a host of medium and small-size companies (Itatex, Montana, Dublauto, and many others) that are highly qualified and innovative. Last but not least, pay attention to the movements of Eike Batista, the leader of a conglomerate that is diverse and extremely successful.