06 November 2011 15:21 [Source: ICIS news]
BUENOS AIRES (ICIS)--Mexico plans to blend 50m litres of ethanol into its gasoline in 2012 under a plan to encourage local production of the biofuel, an industry source said on Sunday.
The plan is to eventually have a 6% mandate, using only locally made ethanol, the source said on the sidelines of the 31st Latin American Petrochemical Association (APLA) annual meeting in Buenos Aires.
Mexico’s gasoline demand is estimated at 800,000 bbl/day, half of which is imported, the source said.
Although the country imports gasoline, it will not import ethanol to meet its biofuel target, the source added.
The 6% blend mandate would create some 735m litres/year of ethanol demand in Mexico.
The 2011 APLA conference ends on Tuesday.
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