That law was approved by Congress in August of this year and is valid until December 31, 2030, although that term could be extended for a further five years. Biofuel is understood to be bioethanol and biodiesel that meet the quality requirements established by the enforcement authority and that are produced in plants installed in the Argentine Republic from national raw materials whose origin is agricultural, agro-industrial and / or comes from waste. organic.
As provided, the Secretary of Energy (which is the law enforcement authority) has a period of 180 days -counted as of this Tuesday- to carry out a review of the regulatory framework regarding security, quality and registration.
Also, so that “it fosters the issuance of the pertinent regulations, which duly protect the health and safety of people and their property, within the framework of the new biofuels regime.” That same Secretariat must issue the necessary clarifying and complementary regulations, and summon the business chambers of the sector and other actors in the biofuels industry.
In that sense, A twelve-month period was set for companies that produce or distill hydrocarbons and own or have participation in companies and plants producing biofuels, to comply with the provisions of article 5 of Law 27,640.
That article determines that “only the companies that are duly authorized for such purposes by the enforcement authority may produce, store or commercialize biofuels, or carry out the mixture of these with fossil fuels in any proportion, otherwise the activity will be considered clandestine“.
It also specifies that “companies that produce or distill hydrocarbons may not be owners or have participation in companies and plants producing biofuels.”
The decree determined that the prices of bioethanol based on sugar cane and corn will be updated according to and proportionally to the variation in the price of gasoline at the pump.
The Government justified this measure by stating that “it is necessary to instruct the enforcement authority to carry out a comprehensive review of the regulations in force until the enactment of Law No. 27,640 and promote the issuance of regulations leading to the adequate implementation of the new biofuels regime “.
“Until the enforcement authority dictates the new safety regulations, it is convenient to establish a transition regime and provide that the facilities for the production, storage and mixing of biofuels will be governed by the provisions contained in Law No. 13,660 , its Regulatory Decree No. 10,877 dated September 9, 1960 and its amendment and Resolution No. 1296 dated November 13, 2008 “, he added.
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