Argentina: Biofuels Annual
Argentine fuel ethanol production and consumption are forecast to increase to a record 1.15 billion liters in 2018 as the local industry expands in order to fulfill the official quota and a growing demand of gasoline. Biodiesel production in 2018 is forecast at 2.76 billion liters, a drop from the previous two years because of expected lower exports. The US government set in late 2017 anti-subsidy duties and in April 2018 anti-dumping duties on biodiesel coming from Argentina. In practice, this means that local biodiesel will not enter the United States. During the first seven months of the year, there were large volumes of biodiesel exported to the EU. However, following a complaint from the European industry, Argentine biodiesel imports could be affected by higher import duties in the near future. At the same time, the Argentine government has increased biodiesel export taxes from 8 to 15 percent, effective July 2018.
