Argentina extends tax breaks for biodiesel through 2017

In Argentina, the government published a rule just before the new year to extend excise duty waivers for biodiesel used to produce electricity and taxes levied on biodiesel production in an effort to continue to support the industry that has yet to recover its export markets. Following on from the success achieved in 2016 to boost the amount of renewables in the energy matrix rather than allowing fossil fuels to fill the demand gap, the extensions are now in place through December 31, 2017.