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Brazil is the world’s second-largest ethanol and third-largest biodiesel producer but has yet to introduce renewable diesel or sustainable aviation fuel. Post forecasts total ethanol production at 32.5 billion liters in CY 2024, with cane ethanol forecast at 25.5 billion liters and corn ethanol production at seven billion liters.

The People’s Republic of PRC (PRC) bio-based diesel (BBD) exports are expected to drop following the EU provisional antidumping duties of up to 36.4 percent on biodiesel and hydrogenation-derived renewable diesel (HDRD), though sustainable aviation fuel will provisionally be excluded from further duties.

In 2023, consumption of bioethanol and biomass-based diesel (BBD) are estimated to have increased by respectively 4.5 percent to 6.58 billion liters and 0.6 percent to 17.98 billion liters. For bioethanol, the expansion is mainly due to gasoline fuel pool growth, while growth for BBD is entirely due to increased blending.

With a new government in place since December 2023, the biofuels sector is projected to move on to a freer business environment through less limitations and official controls. Changes are expected to come through a new biofuels law or reforms to the current one in place since 2021.

Argentine biofuel production in 2021 continues to suffer from the negative effects of the COVID-19 pandemic which has reduced fuel demand, a prolonged domestic economic recession, and recent changes in policy.

On March 31, 2021, the Government of Colombia issued a resolution to decrease the ethanol blend mandate from 10 percent (E10) to 4 percent (E4) starting on April 1, 2021, then gradually returning to E10 by September 2021.

On August 3, 2021, the European Union (EU) extended for an additional five years the anti-dumping and countervailing duties (AD/CVD) levied on imports of U.S. biodiesel since 2008.