Argentina: Biofuels annual. Global Agricultural Information Network (GAIN) report
| HERO ID | 10285708 |
|---|---|
| Year | 2018 |
| Title | Argentina: Biofuels annual. Global Agricultural Information Network (GAIN) report |
| Authoring Organization | USDA Foreign Agricultural Service |
| Publisher Text | U.S. Department of Agriculture |
| City | Washington, DC |
| Abstract | Argentina is an active participate in the Paris Climate Agreement and COP23, setting out targets to reduce greenhouse gas emissions (GHG) in the future. In its efforts to address climate change, the government has set a special focus on renewable energy through Law 27,191 of 2015, creating conditions to attract and encourage large investment. Investments cover different types of energy, but there is a special interest in wind and solar energy. In support of the above commitment, the country has a biofuels regulatory framework in place since 2007 which sets blend mandates for biodiesel and bioethanol that have been in place since early 2010. After several modifications throughout the years, the current mandate mixes are 12 percent for bioethanol in gasoline and 10 percent for biodiesel in diesel. The Secretariat of Energy sets monthly prices for biodiesel, grain ethanol, and sugarcane ethanol supplied to the oil companies under the mandate. Argentina’s relatively small fuel ethanol industry is expanding to fulfill the mandate (which has increased overtime) and a growing fuel pool. The industry does not export, and there have been no imports in past years because they are prohibited unless authorized (as in the recent past). On the other hand, the Argentine biodiesel industry is one of the largest in the world and its initial growth was mainly supported by exports. In the past ten years, it has had a strong presence in the European Union (EU) and United States. However, exports to the United States were curtailed last year due to high countervailing and anti-dumping duties. Shipments to the EU, which resumed in September 2017, after being prohibited since 2013 due to anti-dumping duties, are flowing normally for now, but the industry believes there is a strong possibility that the EU may enact new duty measures which would again impact sales. |
| Url | https://www.fas.usda.gov/data/argentina-biofuels-annual-2 |
| Is Certified Translation | No |
| Dupe Override | No |
| Is Public | Yes |
| Language Text | English |