Based on the guidelines of the National Biofuels Policy (RenovaBio), the demand for soybeans oil to be blended into diesel fuel can reach 6.5 million tons in 2023. According to Cogo- Intelligence in Agribusiness, soybeans oil is still the main raw material to produce biodiesel, since each 1% higher blend implies an addition of 570 thousand tons of soy oil or 3 million tons of soybean grind grains. Cogo points out that the demand for soybean should reach more than 6 million tons, since 70% of Brazil’s biodiesel is made with soybeans oil until it reaches the 15% amount of biodiesel blend to diesel fuel (B15) in 2023.
Source: Canal Rural