Spanish ethanol sales jump 16% but biodiesel drops 23%

May 12, 2018 |

In the United Kingdom, Platts is reporting that Spanish ethanol consumption rose 16% year on year to 20,766 mt in March, which was also up 6.2% on the month, according to data released by Spain’s strategic oil reserves corporation CORES. In contrast, biodiesel sales lost 23% on the year to 99,768 mt, also losing 0.1% on the month.

According to Platts, “The discrepancy between ethanol and biodiesel sales comes as the Spanish fuels market is dominated by diesel, which commanded a market share of 83% in March. Despite this, the proportional sales for biofuels are very similar, as seen with the similar blending rates. Spain has a blending rate of 6% on an energy basis, which was increased from 5% on January 1, and so there is an expected increase in biofuel consumption. However due to the higher energy value for biodiesel in comparison to ethanol, it is easier to reach the mandate with lower biodiesel usage, hence the lower volumetric blending rates.”

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