Brazil: Biofuels Annual
Link to report:
Total ethanol production for 2020 is estimated at 31.35 billion liters, a decrease of 16 percent relative to the revised figure for 2019 (37.38 billion liters), mainly because sugar-ethanol plants are diverting more sugarcane towards sugar production. Biodiesel production remains tightly regulated by the government. Total Brazilian biodiesel production in 2020 is estimated at 6.27 billion liters, an increase of six percent compared to the previous year. The Renovabio Program officially went into effect last December and it is designed to support Brazil’s 21st Conference of the Parties (COP21) goals. On April 27, 2020, the Brazilian Stock Exchange (B3) started to trade Decarbonization Credits (CBios) as prescribed under the program. However, the COVID-19 pandemic and the expected negative impact in the Brazilian Ottocycle fuel consumption (gasoline and ethanol) in the next couple of years, forced the Ministry of Mines and Energy (MME) to propose the review of compulsory targets under RenovaBio.
