Argentine bioethanol consumption for 2022 is forecast at a record 1.1 billion liters due to the combination of increased gasoline demand and a higher blend rate, close to the maximum official blend rate. Biodiesel production in 2022 is projected to continue to recover after two very poor years caused by low overall diesel demand during the COVID-19 pandemic. Greater domestic consumption could more than offset somewhat lower biodiesel exports to the EU. Because of high global fuel and commodity prices, local processors have pressed to have the official biofuel prices increased to cover rising costs. Argentina has not announced any investment in a new biofuels plant in 2022. The latest addition was the expansion capacity of the largest corn ethanol plant in Cordoba province.