Biofuels: Volume projected to fall to 1.4 mn tons of biodiesel by 2020

Argentina’s biodiesel cluster, which generated exports of more than $1.2 billion in 2017, faces the last quarter of the year with a worrying projection: it estimates that it will produce 1.4 million tons in 2020, the lowest figure in ten years, affected by the fall in exports due to the pandemic and the freezing of the formula to update the price of biofuel in the domestic market. The situation has complicated SMEs and large companies; the domestic market shows a fall of 33% and exports a fall of 36% compared to 2019.

Source: Clarín