Brazil is eyeing a 5% increase in biodiesel requirements in January 2014 and up to a 10% increase in biodiesel requirements for 2020 as the country deals with a supply glut. The blend rate for biodiesel with regular diesel may rise to 7% before 2020, in line with a gradual increase working up to 2020. In 2008, Brazil mandated distributors to blend 2% biodiesel with diesel, forecasting a 5% rate in 2013. However, unexpectedly high production has forced a rethink of the requirements, especially with biodiesel growth suspected to increase 40%. Brazil’s…
via OilPrice.com Daily News Update http://oilprice.com/Alternative-Energy/Biofuels/Brazil-Grapples-with-Biofuel-Supply-Glut.html
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