Colombia: Biofuels Annual

  |   Attaché Report (GAIN)   |   CO2021-0012

In 2021, Colombia's fuel ethanol production is estimated to decrease to 370 million liters in response to a lower blend mandate despite partial recovery in the fuel pool. The Colombian government decreased its ethanol blend mandate from E10 to E4 in anticipation of local supply shortages due to excessive rains in the main producing region and increasing U.S. ethanol prices that could discourage imports. Fuel ethanol imports are estimated to decline to 160 million liters due to lower demand. While Colombia's government decreased its ethanol blend mandate, the biodiesel blend mandate increased from B10 to B12 in most of the country. Domestic biodiesel production and use are expect to reach record levels in 2021, despite there being no trade.

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