Brazilian veg oil industry sees demand rising 20% in 2020 thanks to B12 mandate

September 25, 2019 |

In Brazil, Reuters reports the Brazilian Vegetable Oil Industries Association (ABIOVE) says demand for soybean oil for biodiesel is expected to grow by more than 20 percent in 2020 from this year’s forecast to 5 million metric tons thanks to higher blending next year of 12%, set to start in March. The blending mandate increased to 11% on September 1 from 10% previously. Nearly half of Brazil’s soy oil demand this year went towards biodiesel production, the head of the association told reporters.

Category: Fuels

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