Argentina looking at 27% ethanol blend

In Argentina, local press reports that the government is looking to boost its ethanol blend to 27% in line with Brazil. The country currently blends 12% ethanol which was raised from 10% upon the election of the new president and has been expected to increase but no moves have been made so far due to lack of consensus with stakeholders including auto makers and fuel companies. The local sugar industry is expected to welcome such a move as it would benefit directly from increased ethanol demand.