Biofuels: A New Regime Has Advanced in the Senate that Raises the Cuts and Opens the Market to Greater Competition

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The plenary of the Senate's Commissions on Mining, Energy and Fuels and Budget and Finance issued an opinion this Thursday on the draft new regulatory framework for biofuels, an initiative that aims to raise the mandatory percentages of biodiesel and bioethanol blending and, at the same time, to move towards a market with greater competition and private participation than that contemplated by the current legislation.The text that advanced in the…

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The initiative raises the percentages of compulsory blending for biodiesel and bioethanol.In addition, it modifies the scheme of participation of companies in the biodiesel market.

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The bill was agreed between the provinces and the representative entities of biodiesel and bioethanol producers. Read more

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The opinion elevates the bioethanol and biodiesel cuts, establishes a transition for SMEs and will be debated in the venue during September. The post With a wink at the allied provinces, the Senate ruled new projects for the production of biofuels appeared first on El Intranssigente: Latest news from Argentina and the world in real time.

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The government and its allies managed to advance with an opinion that modifies the mandatory cuts of biodiesel and bioethanol, extends the validity of the regime and enables new rules for production, marketing and import. The text could still undergo changes before reaching the enclosure.

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After four meetings, the plenary of the Commissions of Mining, Energy and Fuels and Budget and Finance, took the key step for a new Regulatory Framework for Biofuels. The project would be discussed in the legislative area during this month.