AreaArgentina

Commodity GroupBiofuels

CommodityBiodiesel

Date01/07/2021

Policy CategoryRenewable energy

Policy InstrumentBioenergy policies

DescriptionLowered, on 4 August, the blending mandate for biodiesel mixed into conventional diesel fuel from 10 percent to 5 percent. The new regulation, which was expected to remain in effect until 2030, authorizes the Energy Secretariat to raise the mandate or reduce it further to as low as 3 percent, depending on market conditions.

NotesARGENTINA – biofuel policy: On 16 July, the Argentine Congress approved the reduction in the country’s mandatory biodiesel blending rate from 10 percent to 5 percent (see also MPPU June’21). The new regulation, which is expected to be signed into law end-July and would remain in effect until 2030, authorizes the Energy Secretariat to raise the mandate or reduce it further to as low as 3 percent, depending on market conditions. The forthcoming reduction in the blending mandate is expected to appreciably lower the domestic uptake of soybean oil, Argentina’s main biodiesel feedstock, thereby raising the country’s soyoil export availability.