Brazil's Olfar exports first biodiesel cargo

Spanish Market: Agriculture, Biofuels
18/03/24

Brazilian biodiesel producer Olfar Group exported its first soy methyl ester (SME) biodiesel cargo on 11 March.

The company sent the biofuel to the Kao-hsiung port in Taiwan from the Itapoa port in Santa Catarina state. It did not share the cargo's volume.

The cargo was 100pc soybean oil-based and was produced at Olfar's plant in Erechim, in Rio Grande do Sul state.

Asia "is increasing biodiesel demand, opening business opportunities for South America," Olfar said.

Brazil's biodiesel exports more than doubled in 2023 to 107.9mn l (1,800 b/d) from 41.9mn l in 2022, according to trade ministry data. The most common destinations were Europe and the US. Renewable fuels producer Be8 shipped 85mn l of this total.

"With the market opening for exports and the decision to raise the blending mandate to 14pc, the expectation is that the group will increasingly expand its operations," Olfar said.

National energy policy council CNPE raised the biodiesel mix mandate to 14pc from 12pc on 1 March.

By Laura Guedes

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20/12/24

Viewpoint: EU, UK mandates will drive global SAF demand

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Trump backs new deal to avoid shutdown: Update

19/12/24

Trump backs new deal to avoid shutdown: Update

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US Congress passes waterways bill

19/12/24

US Congress passes waterways bill

Houston, 19 December (Argus) — The US Senate has passed a bipartisan waterways infrastructure bill, providing a framework for further investment in the country's waterways system. The waterways bill, also known as the Water Resources and Development Act (WRDA), was approved by the Senate in a 97-1 vote on 18 December after clearing the US House of Representatives on 10 December. The WRDA's next stop is the desk of President Joe Biden, who is expected to sign the bill. The WRDA has been passed every two years, authorizing the US Army Corps of Engineers (Corps) to undertake waterways infrastructure and navigation projects. Funding for individual projects must still be approved by Congress. Several agriculture-based groups voiced their support for the bill, saying it will improve transit for agricultural products on US waterways. The bill also shifts the funding of waterways projects to 75pc from the federal government and 25pc from the Inland Waterways Trust Fund instead of the previous 65-35pc split. "Increasing the general fund portion of the cost-share structure will promote much needed investment for inland navigation projects, as well as provide confidence to the industry that much needed maintenance and modernization of our inland waterway system will happen," Fertilizer Institute president Corey Rosenbusch said. The bill includes a provision to assist with the damaged Wilson Lock along the Tennessee River in Alabama. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

USDA awards more funding to increase fertilizer output

19/12/24

USDA awards more funding to increase fertilizer output

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Indonesia’s Pertamina seeks UCO for SAF output

19/12/24

Indonesia’s Pertamina seeks UCO for SAF output

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