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- (-) Biofuels
- (-) March 2016
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On March 23, 2016, legislation was signed into law to increase Brazil’s biodiesel-use mandate from the current 7 percent, to 10 percent by 2019.
Post increased its forecast for Brazil’s 2015/16 soybean production to a record 100 million metric tons (mmt).
South America is one of the fastest-growing world regions for exports of U.S. farm and food products, and Chile and Peru are among the most rapidly growing markets in the region.
The Bulgarian Renewable Energy Act (REA) established a national target of 16% of renewable energy in total energy consumption and 10% in transportation fuel consumption by 2020...
Colombian biofuels production cannot fulfill policy expectations as a result of production deficiencies and insular policies that restrict trade.
Lower rates of discretionary blending are expected to result in lower ethanol production and lower imports of U.S. ethanol for 2015 and 2016.
Paraguayan ethanol production is forecast to reach a record 215 million liters in 2016. This is a result of expected larger sales of gasoline as the local economy continues to expand.
In February 2015, the government of Brazil (GOB) raised federal taxes (CIDE and PIS/COFINS) on gasoline to R$ 0.22 /liter, which increased the competiveness of ethanol relative to the fossil fuel.
The Portuguese biofuels sector faces new challenges since 2015 as biodiesel production quotas have been phased-out and sustainability requirements have been fully enforced.
In 2014 Poland’s total production amounted to 0.7 MMT of biodiesel and 0.14 MMT of bioethanol.
On May 13, 2015, Ecuador President Rafael Correa signed Executive Decree 675. The decree doubles to ten percent the ethanol blend rate in Ecuadorian regular grade (87-octane) gasoline.
Australian biofuels total production for 2015 is estimated at 330 million liters (ML), comprised of 265 ML of ethanol and 65 ML of biodiesel.