Tag: RenovaBio

Brazilian carbon credit first trade at near $10/CBIO, RenovaBio’s public consultation period open til July 4

Brazilian carbon credit first trade at near $10/CBIO, RenovaBio’s public consultation period open til July 4

June 28, 2020 |

In Brazil, S&P Global Platts reports that the new Brazilian carbon credit, called CBIOs, had their first trade of 100 units at a cost of Real 50/CBIO ($10/CBIO), in which the Datagro Conference company was the buyer and an ethanol producer Adecoagro was the seller. Brazil´s Minister of Mines and Energy released the proposal to […]

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Moody’s says RenovaBio will boost ethanol demand and support Brazilian industry

Moody’s says RenovaBio will boost ethanol demand and support Brazilian industry

December 4, 2019 |

In Brazil, rising ethanol consumption and the implementation in 2020 of RenovaBio, a federal program to curb carbon emissions by 10% in 2028, in line with the UN Paris Agreement on climate change, will benefit Brazil´s sugarcane industry, says Moody´s Investors Service in a new report. Under RenovaBio, tradeable carbon credits known as CBIOs, will […]

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JBS Biodiesel becomes the first to issue decarbonization credits under RenovaBio

JBS Biodiesel becomes the first to issue decarbonization credits under RenovaBio

October 21, 2019 |

In Brazil, Reuters reports JBS Biodiesel became the first biofuel company to be certified to issue decarbonization credits (CBios) under the National Biofuels Program (RenovaBio), according to information from company and the ANP regulator. The certification, which is being requested by a hundred biofuel producers, including ethanol companies, will allow companies to issue credits to […]

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Latest resolution signed into RenovaBio to further boost Brazil’s ethanol sector

Latest resolution signed into RenovaBio to further boost Brazil’s ethanol sector

July 7, 2019 |

In Brazil, a new regulation, Resolution No. 791, recently signed by the Ministry of Mines and Energy into the country’s national biofuels policy, RenovaBio, is expected to boost the ethanol sector with the new decarbonization targets for fuel distributors. RenovaBio will come into full force in January 2020 and is estimated to include investments of […]

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UNICA Council approves Evandro Gussi as new president

UNICA Council approves Evandro Gussi as new president

February 17, 2019 |

In Brazil, the Brazilian Sugarcane Industry Association (UNICA) approved the appointment of Evandro Gussi as its new Director-President. “We want to continue to contribute with Brazil, and our goal is to guarantee institutional bases that will bring clear and predictable rules to the national and international market. This is essential to provide security for investors […]

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Brazilian sugar mills continue to push more towards ethanol and shun sugar

Brazilian sugar mills continue to push more towards ethanol and shun sugar

December 3, 2018 |

In Brazil, Reuters reports that sugar mills continue to shun sugar in favor of ethanol production and are investing in more production capacity of ethanol to help ensure continued focus on the fuel while the globe swims in sugar supply. That focus on ethanol already in the 2018/19 season will see sugar production at a […]

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BP sees bright future for Brazil with RenovaBio

BP sees bright future for Brazil with RenovaBio

November 28, 2018 |

In Brazil, Reuters reports that BP believes RenovaBio has put a positive spin on the future biofuels in the country and that the president-elect who comes into office on January 1 isn’t expected to put up obstacles to its implementation in 2020 as planned. The company has not discarded the idea of further acquisitions in […]

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Brazilian think tank says RenovaBio could double ethanol production by 2030

Brazilian think tank says RenovaBio could double ethanol production by 2030

July 11, 2018 |

In Brazil, Reuters reports that state-run think tank EPE believes RenovaBio could lead to a doubling of ethanol production to 54 billion gallons by 2030 but could also fall between 43 billion and 49 billion liters depending on the scenarios modeled. Of the total, the think tank believes corn ethanol could account for 3.4 billion […]

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RFA wants Brazil to ensure fair calculations of ethanol GHG emissions

RFA wants Brazil to ensure fair calculations of ethanol GHG emissions

May 22, 2018 |

In Washington, Brazil’s RenovaBio program establishes national annual emissions reduction targets for transportation fuels that will likely require a significant increase in biofuels consumption. Therefore, the program must accurately reflect the carbon intensity for all ethanol pathways, including imports, the Renewable Fuels Association wrote in comments to Brazil’s Ministry of Mines and Energy submitted Sunday. […]

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Brazil to open up public comment period on RenovaBio

Brazil to open up public comment period on RenovaBio

April 4, 2018 |

In Brazil, the Ministry of Mines and Energy held the first meeting of the RenovaBio Committee on Monday, formed to assist in the definition of national targets reduction of compulsory emissions to the fuel matrix. The first meeting defined the date of public consultation of the goals and presentation and approval of the Program Work […]

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