Oct. 11 (Bloomberg) -- A Brazilian lobbying group that says it has support from almost half the nation’s lawmakers will push to quadruple the nation’s biodiesel market.
The Parliamentary Front for the Defense of Biodiesel will press the government to issue a new regulation next year that will require diesel sold in the nation as of 2020 to be a blend of 80 percent diesel and 20 percent biodiesel. Diesel now sold in Brazil contains 5 percent biodiesel.
“We’ll work with the executive and ministries to drive this,” Congressman Jeronimo Goergen, who will act as president of the group, said yesterday in an interview. “There’s enough raw material here to support a higher blend.”
Brazil has 67 biodiesel plants with capacity to produce 6.4 billion liters of fuel a year, regulator Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis said on its website. Last year the country consumed about 2.4 billion liters, according to ANP.
The Parliamentary Front, which will be formally established on Oct. 19, will find support from 270 members of Brazil’s lower and upper houses, according to Goergen, who belongs to the Progressive Party. Brazil’s Congress has 594 members, he said.
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