Brazilian Biodiesel Production Expected to Grow by 18% in 2024
09.18.2024 By Tank Terminals - NEWS

September 18, 2024 [Biodiesel Magazine]- Brazilian biodiesel production is expected to increase 18% this year, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network on Aug. 31. Consumption is also forecast to be up 18%.

 

The increase is attributed to both a growing diesel pool and rising blend mandate. The government of Brazil increased the biodiesel blend mandate from 12% to 14%, effective March 1, 2024. B15 blending is currently scheduled to begin in 2025.

According to the report, Brazil currently has 62 biodiesel plants, up from 61 in 2023 and 57 in 2022. Total capacity for 2024 is estimated at 14.89 billion gallons (3.93 billion gallons) per year, up from 14.378 billion gallons last year and 13.66 billion gallons in 2022. Capacity use is expected to reach 55% in 2024, compared to 52% in 2023 and 50% in 2022.

Brazil is expected to produce 8.9 billion liters of biodiesel this year, up from 7.53 billion liters in 2023 and 6.77 billion liters in 2022.

The country imports and exports very little biodiesel. Tota imports are expected to reach 2 million liters this year, unchanged from the previous three year. Exports are expected to reach 4 million liters, unchanged from 2023, but down when compared to the 5 million liters exported in 2022.

Soybean oil is the primary biodiesel feedstock in Brazil, followed by animal fat, palm oil and used cooking oil.

The total biodiesel blend rate in Brazil is expected reach 13.2% in 2024, up from 11.4% last year and 10.7% in 2022.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

NextChem (MAIRE) Awarded the Licensing and Process Design Package for a Sustainable Aviation Fuel (SAF) Project Based on its Proprietary NX PTU™ and NX SAF™ BIO Technologies in Indonesia
12.20.2024 - NEWS
December 20, 2024 [Maire Group]- MAIRE (MAIRE.MI) announces that NEXTCHEM (Sustainable Technol... Read More
U.S. Crude Exports to Europe Expected to Fall in Jan as Shipping Economics Weaken
12.20.2024 - NEWS
December 20, 2024 [Reuters]- U.S. crude oil exports to northwest Europe are likely to slip early ... Read More
Energy Transfer's Unit Signs LNG Agreement with Chevron
12.20.2024 - NEWS
December 20, 2024 [Reuters]- U.S. pipeline operator Energy Transfer said on Thursday its unit has... Read More
Kinder Morgan's Unit to Go Ahead with $1.4 bln Mississippi Crossing Project
12.20.2024 - NEWS
December 20, 2024 [Reuters]- Kinder Morgan said on Thursday its unit Tennessee Gas Pipeline will ... Read More