ABIOVE AWAITS DEFINITION OF BIODIESEL BLEND FOR 2023

The Brazilian Association of Vegetable Oil Industries (Abiove) said that the percentage of the biodiesel blend needs to be defined for next year. With the ongoing 2022/23 soy season, as well as the sale of grain, and its by-products in progress, Abiove expects a quick definition, so that the sector can plan oil production, which is the most important raw material for biofuel. Currently, the mandatory blend is B10, with 10% biodiesel mixed with diesel. However, the market expects that this percentage will grow to 14% in January, and then to 15% in March. The increase is foreseen by the Ministry of Mines and Energy (MME) and will have to be discussed by the transition team of the elected government.

Source: DATAGRO (*Translated by Ia Niani)