21 January 2010 21:46 [Source: ICIS news]
BUENOS AIRES (ICIS news)--Argentina has yet to start its 5% biodiesel blending programme because the government has not set internal prices for the biofuel, an industry source said on Thursday.
The biodiesel programme was supposed to begin at the start of the new year.
“The government has not published the norm to regulate this price in the National Official Bulletin yet, and therefore it cannot be applied,” said Carlos St James, president of the Argentine Renewable Energies Chamber (CADER).
In other news, an ethanol blending programme should begin in February, although supplies of the biofuel are still low.
The four largest oil companies in Argentina - YPF, Petrobras, Esso and Shell - have already adjusted their business units as a result.
Shell has already distributed ethanol-blended gasoline in the northern part of the country. It plans to gradually expand sales to the rest of Argentina.
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