ANCAP to slash biodiesel blending to 2.5% following Uruguayan tax shift

In Uruguay, El Observador reports ANCAP has decided to slash biodiesel blending to 2.5% from 5% from January 1 because the government has changed the law regulating taxes that will make biodiesel blending more expensive. As a result, it may cut ALUR’s biodiesel production volumes if it can’t find other markets. The company has started to look at alternative international markets to offset the losses from domestic blending in hopes of avoiding closure of ALUR all together.