The ANP Board approved on October 28 the resolution that will regulate the new biodiesel marketing model in place of public auctions, to meet the percentage of mandatory mixing for fossil diesel. The new standard changes market dynamics and provides for a model in which distributors buy biodiesel directly from producers. The individual compulsory volumetric target for hiring will be 80% of that sold in the same period of the previous year. In the case of distributors, this target will be based on the volume of biodiesel, which will be proportional to their sales of diesel oil B (already with the biodiesel mixture sold from distributors to resellers). For producers, the target is on the biodiesel sold. The metric of prior contracting aims to generate the necessary predictability for national supply, while the existence of the remaining volume is intended to ensure flexibility to the market and allow volumes above the minimum target to be traded between biodiesel distributors and producers in any other way. The new biodiesel market format is expected to come into force until January 1, 2022, as determined by CNPE Resolution No. 14/2020.
Sources: ANP/Notícias Agrícolas (*Translated by Ia Niani)