Brazil’s new Future Fuels Law establishes a robust framework to accelerate the country’s transition to low-carbon mobility through biofuels, green diesel, sustainable aviation fuel, and biometane, with expected investments of R$260 billion over the coming years. Complementary federal initiatives such as Eco Invest and the Novo PAC program are expanding financing and innovation in sustainable […]
Petrobras has initiated a R$ 6 billion project to convert the Riograndense Refinery in Rio Grande, Rio Grande do Sul, into Brazil’s pioneering biorrefinery focused on producing fuels and petrochemical inputs solely from renewable feedstocks. Complementing this, the company also embarked on a R$ 2.8 billion investment program to renew and expand its maritime logistics
Petrobras has established a significant agreement to supply up to 12,000 tons of maritime fuel containing renewable content to the Norwegian shipping company Odfjell throughout 2026. This contract advances Petrobras’s strategy to expand its footprint in the international low-carbon bunker market and aligns with evolving global regulations targeting decarbonization in the shipping sector. The contracted
Chile is set to pioneer the use of bio-liquefied natural gas (bioLNG) in long-haul freight transportation in Latin America with a scheduled trip to transport fresh salmon from Chiloé to Santiago. This initiative is expected to advance sustainable logistics in the salmon industry and position Chile as a regional leader in transitioning heavy transport to
Brazil’s carbon market development hinges on regulatory progress and system harmonization between RenovaBio and the new national emissions trading system (SBCE). Updates in technical standards, legislative clarifications, and evolving market dynamics point to ongoing adjustments with implications for compliance, price setting, and credit availability heading into 2026. The Brazilian carbon market remains in flux amid
The National Agency of Petroleum, Natural Gas and Biofuels (ANP) granted Petrobras special authorization to sell marine diesel blended with 5% renewable vegetable oil, retroactively regularizing commercial operations since November 2025. This regulatory decision institutionalizes the use of renewable fuels in maritime transport, signaling progress in Brazil’s energy transition and the decarbonization of the naval
Raízen’s shareholders have authorized a comprehensive corporate restructuring that incorporates significant assets from four bioenergy companies into Raízen Energia, consolidating operations to enhance administrative efficiency and operational focus. The transactions, valued at over R$ 220 million, reflect Raízen’s ongoing strategy to centralize bioenergy assets, streamline its portfolio, and reinforce its leadership in Brazil’s renewable fuel
Petrobras announced plans to increase the renewable content of its Diesel-R coprocessed fuel from the current 10% to 20% in the coming years, reinforcing its commitment to decarbonization and the energy transition in Brazil. The company is investing in a fully renewable biorefinery project in Rio Grande do Sul to support this scale-up, aiming to
Argentina’s biofuels industry continues to evolve with newly established prices effective in 2025, fluctuations in production and sales volumes, and government-driven adjustments to traditional fuel prices. Monitoring these changes is critical to understanding the sector’s regulatory impact and market dynamics going forward. In 2025, Argentina’s government implemented price adjustments for biofuels used in mandatory blending
