Brazil. Biofuel producers are skeptical about the implementation timeline for B16.

Less than a month before the next increase in the mandatory biodiesel content in diesel fuel in Brazil comes into effect, biofuel producers and distributors are skeptical about the likelihood of meeting the set deadline. According to the "Fuel of the Future" law, the share of biodiesel in the fuel mixture must increase by one percentage point each March until it reaches 20% in 2030. However, the increase from the current 15% to 16% (B16) this year still depends on the completion of feasibility studies "to guarantee safety and proper characteristics." Another important step that still needs to be taken is the final approval by the National Energy Policy Council (CNPE), which will regulate the implementation of the approved blending levels. Market sentiments Given this, diesel and biodiesel market participants assume that the March deadline will likely not be met. "The likelihood of increasing the share of biodiesel in the fuel mixture in March is extremely low, and it is expected ...