In this sense, the national official indicated that “a periodic work table was set up to promote, jointly, the conditions and regulations in the medium and long term that allow the growth of the sector.”
The two main biofuels produced in Argentina are bioethanol based on sugarcane or corn and biodiesel based on soybeans for export, but also for domestic consumption mixed with fossil fuels.
In the case of fuel made with the oilseed, at the end of August the national government extended the increase in the cut of biodiesel with diesel to 12.5% for two months to reduce the shortages of the latter.
Likewise, a report from the Rosario Stock Exchange (BCR) estimated that in 2022 the export of biodiesel could be a record, since shipments until August reached 913,000 tons, with an income of US$ 1,363 million.
“If the annual export rate is maintained, 2022 could close with total biodiesel exports of 1.37 million tons with foreign exchange earnings that would exceed US$2 billion, a maximum in at least a decade,” the BCR said.
On the bioethanol side, the BCR estimated that a historic level of production could be reached, since in the January-July stretch of this year it reached a production of 384,000 m³, exceeding the previous historical maximum by 12.3%, while the increase compared to the first 7 months of 2021 was 32.4%.
Source: Ambito
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