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Released June 29, 2023 | CORDOBA, ARGENTINA
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Researched by Industrial Info Resources (Sugar Land, Texas)--Brazil's biodiesel market is starting to show signs of recovery, after leading companies such as Potencial Biodiesel and Be8 announced plans to begin expanding their facilities before the end of the year.
Last year, several major investments were placed on standby or had their approvals delayed, following a reduction in Brazil's mandatory biodiesel blending requirements from 13% to 10%. The market also was affected by higher inflation and interest rates, due in part to the invasion of Ukraine.
But in March, Brazil announced it would increase the percentage of biodiesel in diesel blends from 10% to 15% by 2026. The mix then was increased to 12% on April 1. Brazil also plans to expand its use of biofuels through the government's Future Fuel program, which is expected to be sent to Congress for debate in the near future.
Following the changes, Potencial Biodiesel started construction on a new, 3,500-ton-per-day soybean-processing unit to provide feedstock for its 900 million-liter-per-year biodiesel facility in Lapa, which is the largest of its kind in Brazil. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuel project and plant databases can learn more from a detailed project report and plant profile.
Be8 is planning an expansion at its facility in Marialva, including the construction of a 5,000-ton-per-day soybean-processing facility and grain-conditioning plant, in addition to an increase in its byproduct capacity. Subscribers can learn more from a detailed project report and plant profile.
Industrial Info is tracking more than US$1.3 billion worth of biodiesel and renewable diesel projects across Brazil. Subscribers can click here for a list of detailed project reports and click here for a list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Last year, several major investments were placed on standby or had their approvals delayed, following a reduction in Brazil's mandatory biodiesel blending requirements from 13% to 10%. The market also was affected by higher inflation and interest rates, due in part to the invasion of Ukraine.
But in March, Brazil announced it would increase the percentage of biodiesel in diesel blends from 10% to 15% by 2026. The mix then was increased to 12% on April 1. Brazil also plans to expand its use of biofuels through the government's Future Fuel program, which is expected to be sent to Congress for debate in the near future.
Following the changes, Potencial Biodiesel started construction on a new, 3,500-ton-per-day soybean-processing unit to provide feedstock for its 900 million-liter-per-year biodiesel facility in Lapa, which is the largest of its kind in Brazil. Subscribers to Industrial Info's Global Market Intelligence (GMI) Alternative Fuel project and plant databases can learn more from a detailed project report and plant profile.
Be8 is planning an expansion at its facility in Marialva, including the construction of a 5,000-ton-per-day soybean-processing facility and grain-conditioning plant, in addition to an increase in its byproduct capacity. Subscribers can learn more from a detailed project report and plant profile.
Industrial Info is tracking more than US$1.3 billion worth of biodiesel and renewable diesel projects across Brazil. Subscribers can click here for a list of detailed project reports and click here for a list of related plant profiles.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
