Thursday, December 24, 2009

Argentina Plans to Mandate 3% Ethanol Blend Next Year


NEW YORK (DTN) -- Argentina will begin blending 3 percent ethanol into gasoline used for transportation starting Jan. 1, according to Roberto Salafia, a commercial attache at the country's embassy in Washington, D.C.
The details of the plan were not immediately available, but Salafia confirmed reports that his country plans on imposing a blending requirement for both gasoline and diesel.
He said Argentina already exports biodiesel, so the requirement for mandatory use of biodiesel won't be a problem.
According to reports, Julio De Vido, a key energy adviser to Argentinean President Cristina Fernadez de Kirchner, on Monday announced the rollout of the 3 percent ethanol blend, which has been discussed for a while. The mandate is part of an effort to diversify energy sources.
Argentina joins Jamaica in recently mandating biofuels, with Jamaica imposing a 10 percent ethanol blend requirement in November. Meanwhile, last week, China lowered import tariffs on biofuels.
George Orwel can be reached at george.orwel@dtn.com

No comments:

Extreme weather expected to cause food price volatility in 2025 after cost of cocoa and coffee doubles

  Chocolate being added to cups of coffee. The prices for cocoa and coffee rose 163% and 103% respectively in the year to January. Photogra...