Argentina: Biofuels Annual
Link to report:
The Covid-19 pandemic is negatively impacting the Argentine biofuels sector in 2020 as long-term lockdown provisions continue to restrict the full range of personal and commercial activities. Bioethanol consumption is forecast at 880 million liters, the lowest in five years, with capacity utilization at 55 percent. Biodiesel production in 2020 is projected to drop to 1.85 billion liters, the lowest in the past decade in response to a reduction in local and export demand. The biofuels law requiring blend mandates for ethanol and biodiesel (the mandate for biodiesel has not held in 2020) will expire in May 2021, with ongoing discussions as to whether an extension or new law may be options under consideration by the government.
