Brazilian biodiesel auction sells 1.14 billion liters at under 70 cents per liter

August 21, 2019 |

In Brazil, Renewables Now reports that the ANP energy regulator’s most recent biodiesel auction to secure fuel for the national 11% blending mandate saw 1.14 billion liters of biodiesel sold at an average price of under 70 cents per liter. The total volume of fuel contracted was worth about $804 million, of which 99.74% had the social seal. Of the total, 1.136 billion liters with 100% social seal certifications were sold during the first day and the remaining volume was sold during the second day. The fuel will be used for blending between September 1 and October 31.

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