Brazil to launch fuel promotion plan as use falls for 2nd year

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Thursday, February 16, 2017

Brazil's mines and energy ministry said it will launch a nationwide initiative to promote investments in fuel supply and diversification in Recife on Monday (Feb 20).

The Combustível Brasil plan will include the participation of hydrocarbons regulator ANP and energy planning agency EPE as well as sector companies and associations.

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The announcement comes as fuel consumption in the country fell for a second consecutive year.

ANP reported that sales last year fell 4.5% to 135Bl, with fuel oil and hydrous ethanol registering the biggest drops.

CREDIT: ANP

In a related note, the ministry began a public consultation for biofuel promotion program RenovaBio that will run through March 20.

Suppliers sold 622Ml of biodiesel in the country's latest auction for the biofuel for 1.428bn reais (US$469mn), according to ANP.

The 53rd auction aims to guarantee biodiesel supply in the local market from March 1 through April 30 this year. The 7% mandated biodiesel admixture will increase to 8% on March 1.

The watchdog's latest monthly biodiesel bulletin reveals there are 51 authorized production plants with combined capacity of 20,931m3/d, and that three plants are authorized to begin construction, while another three are authorized to increase capacity.

CREDIT: ANP

ANP's latest monthly ethanol bulletin reveals there are 349 authorized plants with combined capacity of 286,024m3/d, and that an additional 35 plants have received definitive authorization to operate.

CREDIT: ANP