Brazil is evaluating the possibility of accelerating the implementation of a mandated B5 biodiesel blend (5% biodiesel) from 2013 to 2010. A transition to a B2 blend is targeted for 2008.
Each percentage point of a biodiesel mix will save Brazil roughly the equivalent of US $140 million per year on its import bill, according to Roberto Ardenghy, the supply chief of the National Petroleum Agency (ANP).
While Brazil is a net oil exporter, the country still imports roughly 2 billion liters (528 million gallons US) of diesel to meet its fuel needs.
I don’t see the necessity of waiting that long [until 2013] for B5, once the quality standards that are demanded are met.—Maria das Gracas Foster, President Petrobras Distribuidora
Brazil produces most of its biodiesel from soybean oil. Petrobras currently offers biodiesel at 500 of its filling stations and plans to sell it in 7,000 stations by 2007.
In parallel with its conventional biodiesel efforts, Petrobras has developed a hydrogenation process—H-Bio—to produce a high-quality diesel using vegetable oil as an input in a refining process. (Earlier post.)