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Brazil Raises Mandatory Biodiesel Blend to 12%, below Expectations – Advanced BioFuels USA


by Gabriel Araújo  (NASDAQ/Reuters)  The Brazilian government raised the mandatory blend of biodiesel into diesel to 12% from 10%, below this year’s target of 13% in a bid to rein in fuel inflation amid high soybean prices.   About 70% of Brazil’s biodiesel is produced from soy oil, prices of which have risen owing to strong demand and tight supply of soybeans.
“The Brazilian biodiesel industry is entirely prepared for delivering the 13% mixture,” Daniel Amaral, chief economist at Brazilian oilseeds lobby Abiove, said in a statement on Tuesday. “Yet raising the blend to 12% is already a positive development as it stimulates soy processing and grain use in Brazil.” ....

Daniel Amaral , Energy Ministry , Brazil National Energy Policy Council , Gabriel Ara , National Energy Policy Council , டேனியல் அமரல் , ஆற்றல் அமைச்சகம் , பிரேசில் தேசிய ஆற்றல் பாலிஸீ சபை , கேப்ரியல் அரா , தேசிய ஆற்றல் பாலிஸீ சபை ,

Brazil raises mandatory biodiesel blend to 12%, below expectations | Hellenic Shipping News Worldwide


Brazil raises mandatory biodiesel blend to 12%, below expectations
The Brazilian government raised the mandatory blend of biodiesel into diesel to 12% from 10%, below this year’s target of 13% in a bid to rein in fuel inflation amid high soybean prices.
About 70% of Brazil’s biodiesel is produced from soy oil, prices of which have risen owing to strong demand and tight supply of soybeans.
“The Brazilian biodiesel industry is entirely prepared for delivering the 13% mixture,” Daniel Amaral, chief economist at Brazilian oilseeds lobby Abiove, said in a statement on Tuesday. “Yet raising the blend to 12% is already a positive development as it stimulates soy processing and grain use in Brazil.” ....

Chizu Nomiyama , David Goodman , Daniel Amaral , Energy Ministry , Brazil National Energy Policy Council , National Energy Policy Council , Gabriel Ara , Ana Mano Editing , டேவிட் நல்ல மனிதன் , டேனியல் அமரல் , ஆற்றல் அமைச்சகம் , பிரேசில் தேசிய ஆற்றல் பாலிஸீ சபை , தேசிய ஆற்றல் பாலிஸீ சபை , கேப்ரியல் அரா , அனா மனோ திருத்துதல் ,

Brazil slashes its own take in Atapu, Sepia subsalt auction


Rio de Janeiro
Brazil slashed its signing bonuses and profit-oil guarantees for the sale of the Atapu and Sepia fields now scheduled for December, significantly improving terms to develop the subsalt oil and natural gas deposits amid greater global competition for the oil industry s investment dollars, the Mines and Energy Ministry said April 20.
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Under terms approved by Brazil s National Energy Policy Council, or CNPE, Atapu will be sold for a signing bonus of $721 million and minimum profit-oil guarantee of 5.89%. That was down from a signing bonus of $3.4 billion and minimum profit oil of 26.23% at the previous sale held in November 2019. ....

Rio De Janeiro , Estado Do Rio , Bento Albuquerque , Energy Ministry , Brazil National Energy Policy Council , National Energy Policy Council , Energy Minister Bento Albuquerque , Pre Sal Petroleo , Atapu Field , Sepia Field , ரியோ டி ஜானிரோ , எஸ்டாடோ செய் ரியோ , பெண்டோ அல்புகர்கி , ஆற்றல் அமைச்சகம் , பிரேசில் தேசிய ஆற்றல் பாலிஸீ சபை , தேசிய ஆற்றல் பாலிஸீ சபை , ஆற்றல் அமைச்சர் பெண்டோ அல்புகர்கி , பிரே சால் பெட்ரோலியோ , செபியா புலம் ,