by Charles Newbery (S&P Global Platts) Requirement was to expire in May; Blends now at 10% in gasoline, 12% in diesel; Improvements planned for blend regime — Argentina’s President Alberto Fernandez said his administration is working on a bill to extend a mandatory mix of biodiesel and ethanol in diesel and gasoline, bringing relief to the sector.
The law for the mix is due to expire in May, but it will be renewed, Fernandez said late Feb 9 in a televised press conference in the northern province of Tucuman, a huge source of sugarcane for making ethanol.
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Argentina produces all of its own biodiesel — mostly from soybeans — for a 10% mix in diesel and all of its own ethanol from corn and sugarcane to meet a 12% blend requirement in diesel.
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He added that he wants farmers and biofuel producers to increase output. READ MORE