Brazil’s ANP approves hybrid trading model for biodiesel

Brazil’s National Petroleum Agency approved April 29 a proposal to shift biodiesel trading from the country’s current public auction model to a hybrid model, starting January 2022.

After more than 30 meetings with the participants in Brazil’s biodiesel market, the agency, the ANP, announced the parameters established for the hybrid trading mode, which would replace the auction model in place since 2008 when Brazil started to blend diesel fuel with biodiesel, resulting in a 2% biodiesel mix.


By Nicolle Monteiro de Castro via S&P Global Platts


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