Brazil to impose B5 biodiesel mandate in 2010, instead of 2013; market may reach 600 Mgy

In Brazil, shares in Brasil Ecodiesel, Brazil’s biggest biodiesel maker, rose to a 13-month high of $0.71 after the national government announced that the B5 biodiesel mandate, originally scheduled for 2013, would take effect in 2010.

The move is expected to increase biodiesel production to as much as 634 million gallons, while the shares outlook was also improved by a report in Estado de S. Paulo and Bloomberg that IATA is now expecting aviation biofuels to be approved in 2010.

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