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It should be noted that the 75th Auction aims to guarantee the supply of biodiesel in the domestic market during the period from September 1st to October 31st, 2020
The 75th complementary auction had been announced by the ANP on August 21, minutes before the distributors ran out – for the second time – all the biodiesel available in Stage 3. The L75 auction was held after much controversy and a legal dispute between the government, ANP and biodiesel producers. 300 jobs with the resumption of the Biodiesel Plant in Mato Grosso do Sul next month
Other industry news
- Brazil reduces the blend of biodiesel in diesel due to shortages and affects the soy sector
- Brazil negotiates record volume of biodiesel for US$ 830 million
- Millionaire investment in Bahia: New Biodiesel plant authorized by the state government will generate more than a thousand jobs
Although the market had already come close on other occasions, the L75 was the first biodiesel auction in which the distributors won 100% of the offers made by the plants. A little over 1.189 m³ of biodiesel were traded for a total of R$ 6 billion.
Nothing indicates that the market is out of stock. Not even close. The biodiesel already purchased is enough for distributors to sell up to 11,9 billion liters, which would make this the best two-month period in the history of the diesel market in Brazil – beating by a large margin the 11 billion liters sold in the fifth two-month period of 2014.
- No soy or sugarcane! Brazil's largest exported product is oil, to the delight of Petrobras and other companies in the sector.
- From pre-salt to the largest gas reserve: Petrobras discovers 6 trillion cubic feet of gas in Colombia and leads global energy revolution
- The impressive numbers from the 10 oil platforms with the HIGHEST production in October: More than 2 million barrels per day in the spotlight in the pre-salt!
- Brazil to auction 78 MILLION barrels of oil! China took the majority in the last auction
Despite this, the way the dispute took place in the regular rounds, with distributors buying back from one another, may have left more than one company without the necessary biodiesel.
The National Agency of Petroleum, Natural Gas and Biofuels (ANP) published the rules that will apply to the complementary round of Auction 75. of October. In total, there will be 21 days of deliveries.
The initial expectation was that the deliveries of the L75C would only be for the month of October. Check out the L75C public notice by clicking here. The process schedule can be accessed by clicking here.
