Colombia: Biofuels Annual

  |   Attaché Report (GAIN)   |   CO2024-0008

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Colombia: Biofuels Annual
Colombia’s ethanol consumption in 2024 is projected to increase to 728 million liters, mainly owing to the government’s restored 10 percent ethanol mandate (E10). Heightened ethanol demand is expected to be met through imports, primarily from the United States, despite the countervailing duty on U.S. fuel ethanol. Colombia’s ethanol production is anticipated to decline in 2024 due to unfavorable weather conditions that will stagnate cane yields as well as the sugar industry’s continued prioritization of cane sugar production over ethanol due to favorable market prices. Biodiesel consumption will continue its upward trajectory in 2024, reaching 801 million liters and supplied solely by local production. The Colombian government removed gasoline fuel subsidies in September 2022. Diesel subventions have remained but gradual removal will start in August 2024. The Colombian government is expected to continue its ethanol and biodiesel blend mandates at 10 percent levels.
Western Hemisphere, Colombia
Biofuels, Biodiesel & Blends > B30

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