Argentina: Biofuels Annual
Argentine bioethanol production and consumption for 2016 are forecast up at a record 900 million liters. In 2016, the sugar industry is expected to source half of the bioethanol production, and the grain industry the other half. The official mandate is currently at ten percent, but the industry is pushing to increase it to 12 percent. Production capacity is expected to reach 90 percent in 2016. No exports of bioethanol are projected in the short term. Production of biodiesel in 2016 is forecast at 2.33 billion liters. This volume will supply a record domestic demand and somewhat higher exports. The U.S. biodiesel market is expected to be the most active destination, with exports in 2016 at 750 million liters and 625 million liters in 2015. There are seven local plants registered with the Environmental Protection Agency and qualify to participate in the RFS market and generate RINs. Production capacity for 2016 is projected at 5.2 billion liters, while used capacity is forecast at 45 percent.
