Brazil to update fuel, biofuel and oil derivatives market

In Brazil, the National Energy Policy Council (Conselho Nacional de Política Energética/CNPE) approved a resolution aimed at updating the strategic guidelines for the development of the fuel, biofuel and oil derivatives market in Brazil. The document provides for the strengthening of national processing capacity, which currently faces challenges with significant imports of derivatives. Among the strategic guidelines listed in the resolution are the search for an increase in biofuel production, the expansion and modernization of the refining park and the promotion of the energy transition.

It was also decided to set up a Working Group (WG) to carry out specialized studies on the waterway fuel, aviation fuel and liquefied petroleum gas (LPG) markets. The WG, coordinated by the MME, will be made up of 17 institutions and should establish guidelines of interest to the National Energy Policy on the subject.