Biomethane was excluded from the proposal presented by the government in September.
Shell
Biomethane
Fuel of the Future
root
Ethanol
Arnaldo Jardim proposes the inclusion of regulation do biogas e biomethane
The leadership of Cosan companies, With gas and Compass is undergoing changes. Deputy Arnaldo Jardim, responsible for PL 4516/23, announced that he is committed to including the regulation do biogas and biomethane in your opinion. In a video sent to participants of the 10th Forum of Biogas, in São Paulo, the parliamentarian explained that he is negotiating with the leadpartisans and the government to integrate the regulation do biogas and biomethane to the text of Fuel of the Future.
The sector was left out of the proposal sent by the government in September and since then has been actively working to ensure that its demands are met in a future national incentive policy. One of the main demands is the implementation of a mandate for the use of biogas, which would establish an obligation to gradually mix natural gas.
Meeting between Squid e Equinor to discuss tax reform and investments in renewables - On Tuesday, Squid met with representatives of Equinor to discuss tax reform and possible investments in the renewable energy sector. The president of Equinor Brazil, Verônica Coelho, also participated in the meeting.
Last week, the Senate approved a tax reform that includes the creation of a new tax, with a rate of up to 1%, on oil. The bill has now been sent back to the Chamber of Deputies for consideration.
President of Shell in Brasília to discuss tax reform. Cristiano Pinto da Costa, president of Shell Brazil, held meetings in Brasília with Executive and Legislative authorities to discuss topics such as tax reform, investments in research and other matters related to the oil.
The executive expressed concern about the possibility of a 1% selective tax being applied to extractive activities, including the mining sector. oil and gas, as part of the Tax Reform.
IBP opposition to the new tax. The Brazilian Institute of Oil and Gas (IBP) warned that the implementation of the new tax could result in an annual financial impact of R$5,5 billion, taking into account the best before date of diesel and gasoline in Brazil.
Impact of the Selective Tax Forecast on the Industrial Sector
According to the institute, the forecast for a Selective Tax is in line with Government initiatives, such as the “Gas for Employment” and “Gas for Industry” programs, which seek to increase the competitiveness of a vital input for the growth and decarbonization of the economy. industrial sector.
Stability of Oil. O price do oil WTI for December remained stable at US$78,26 a barrel, while Brent for January 2024 closed with a slight drop of 0,06% (US$0,05), at US$82,47 a barrel.
ExxonMobil began production in his third field of oil na Guyana, called Payara, located in Stabroek block. The FPSO Prosperity has a capacity of production of 220 thousand barrels per day, which will increase the production of the company to 620 thousand barrels per day in the country. The forecast of ExxonMobil is to produce more than 1,2 million barrels per day at Stabroek by the end of 2027.
A eneva conducted the first LNG storage operation at the Sergipe regasification terminal, in partnership with Qatar Energy. The contract provides for the storage of 152 thousand m3 of LNG for up to six months, until March 2024.
A Unigel temporarily suspended advance notice to workers at the fertilizer factory in Camaçari (BA) and plans to resume operations soon. The company continues to negotiate with Petrobras to enable the operation of the Unigel Agro Bahia and is confident in finding a satisfactory solution for both parties.
Raízen bets on hybrids as the most advantageous option compared to eletric cars, says the company's CEO
The CEO of root, Ricardo Mussa, highlighted the company's preference for hybrid cars instead of eletric cars, highlighting that Brazil does not have the same predisposition for the adoption of electric vehicles presented by other countries. According to Mussa, hybrids are a smarter option for the Brazilian market, as they meet the needs of urban mobility and sustainability without depending entirely on the electricity recharging infrastructure.
The CEO also addressed the federal government's decision to gradually increase the import tax on eletric cars, starting at 10% and reaching 35% in July 2026. This measure could further influence the preference of root hybrid vehicles to the detriment of eletric cars.
Brazil plans to reimpose taxes on imports of eletric cars, raising questions about the reasons behind this decision. Meanwhile, the company root is investing heavily in 2G ethanol, with plans to meet the demand increasing demand for biofuels. According to Mussa, the company has four 2G ethanol under construction and two projects already announced, with two plants scheduled to begin operations by 2024. Additionally, the company is building the largest 2G ethanol in the world, the Bonfim Bioenergy Park, located in the city of Guariba (SP).
New changes in lead of group companies Cosan were recently announced. Starting in January, a new CEO will take over the position at Cosan, replacing Luis Henrique Guimarães, who will continue on the company's boards, as well as in the companies move, Compass e OK.
Antonio Simões Rodrigues Júnior, current president of With gas, will assume the role of CEO at Compass. And Felipe Ferreira Guimarães Figueiredo, current director of Operations at root, will be the new leader of With gas.
Rising temperatures and record best before date of energy caused a demand instantaneous load that exceeded 100 GW for the first time in history, according to the National Electric System Operator (ONS).
On September 26th of this year, a level of 101.475 megawatts (MW) was recorded at 14:20 pm.
Furthermore, the proposed budget of R$37,2 billion for the Account Energy Development (CDE) in 2024, representing an increase of 6,2% compared to this year.
Maior budget of the last 11 years in approval
O budget in question, if approved, it will be the biggest in the last 11 years, bringing significant impacts to the electric sector. CDE, the entity responsible for managing government subsidies, electric sector, brings together several incentives, such as renewable energy sources, acquisition of fuel for thermoelectric plants, distributed generation, Luz para Todos program and social tariff, demonstrating the scope and importance of the budget under discussion. Furthermore, it is important to highlight that, via email, you will receive the agenda of the relevant authorities daily.
Source: EPBR Agency
