PRESS RELEASE

President Morales kicks off the sale of the Super Ethanol 92

By
Thursday, November 1, 2018

Fifteen months after initiating the first negotiations between the State and the private business sector in Bolivia for the biofuels project, on Thursday (November 1), President Evo Morales launched the nationwide commercialization of the new gasoline called Super Ethanol 92, an undertaking that allows Bolivia to realize its entry into the era of "green fuels". "Today is a historic day because for the first time since the founding of the Republic we are launching this Super Ethanol 92 fuel for the good of all Bolivians (...) Now, we have considered moving forward on two issues, first: moving forward In biodiesel, I am convinced that we must take that important step Second: it is important to continue working so as not to remain in Super Ethanol 92, but to advance to the Super Ethanol 97, in this way to comply with international standards, "said President Evo Morales, at the opening ceremony of the sale of the new fuel at YPFB Logística, in Palmasola, Santa Cruz.

For his part, the Minister of Hydrocarbons Luis Alberto Sánchez, said: "They tell me that this project more than 40 years ago could not be made viable, but in the last 15 years we have been able to consolidate one of the most important public and private projects in Bolivia. , by a political decision, a decision of President Morales ". He explained that this Thursday begins the commercialization of Super Ethanol 92 Gasoline, at a price of Bs4.50 per liter, first in the city of Santa Cruz and, the week of November 5, will begin marketing in the cities of La Paz , Cochabamba and Tarija, with an estimated volume until the end of the year of 55 million liters per month of this gasoline.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

At the time, the president of the Federation of Private Employers of Santa Cruz, Luis Barbery, said: "This is a historic moment, here concludes dreams basted for years, because everything worked between the private sector and the national government when the first liter of Super Ethanol 92 gasoline is loaded in a vehicle, all our calculations in terms of benefits for Bolivia, will begin to be specified ", and highlighted the progress in the negotiations of the project with the Ministry of Hydrocarbons, Oil Fields (YPFB) and the National Hydrocarbons Agency (ANH).

The president of the Chamber of Automotive, Mr. Luis Encinas, affirmed that the appearance of the Super Ethanol 92, constitutes an important advance towards the modernization of an "obsolete automotive fleet", with fuels with greater polluting power, which damages the engines, which is why car manufacturers did not want to build vehicles for Bolivia. "Very cleverly, YPFB started to produce Ron 91, which solved this part in which the manufacturers that did not want to produce for Bolivia, now, a perfect equation is born with the Super Ethanol 92 to cover both defects (contamination, damage to the engines ) "; in this sense, he urged to continue improving the octane rating of gasoline, pointing to the Super Ethanol 97.

The president of National ASOSUR, Lily Fiorilo, also present at the launching ceremony considered: "This new product allows us to be at the level of other countries that have been marketing similar products for 25 years with positive experiences."

Context of the Super Ethanol 92

President Morales gave a general overview of the background of this new fuel. He explained that the Super Ethanol 92 Gasoline is composed of 12% anhydrous ethanol and 88% Base Gasoline.

Regarding investment, he said that the levels of private investment in the agricultural and agroindustrial sector of the country will be US $ 1.6 billion and it is expected that the incorporation of anhydrous ethanol into the Bolivian energy matrix will lead to a gradual increase in productivity and variety. crops, through the incorporation of good agricultural practices, mechanization of agriculture, technified irrigation, research, biotechnology and development of new varieties more resistant to climate change, among others.

Through the production of Anhydrous Ethanol, it is expected that about 27,000 direct and indirect jobs will be generated in the rural area due to agricultural activity in several areas of the country, where the farmer will be technified and trained, thus achieving an improvement in their quality of life.

The economic impact is reflected in greater growth, generating greater added value in different activities of the economy, in this sense, and as a result of the implementation of the Anhydrous Ethanol project, there will be an increase of 0.9 percentage points of global GDP in the first period, with an average annual increase of 0.4 percentage points of the global GDP until the 2025 management.

The production of Anhydrous Ethanol will prevent currencies from going abroad by importing inputs and additives in 80 million liters in 2019 to 380 million liters by 2025. In this sense, the economy will become more solid, as it will improve the Balance of Payments position, currencies will be saved and international reserves will increase. It is expected to reduce imports by at least 13% in 2019 and up to 20% by 2025.

This press release from Bolivia's Ministry of Hydrocarbons was published using an automatic translation system.