Brazil divulges new guidelines for stocking biodiesel

08 April 2013 22:14  [Source: ICIS news]

CAMPINAS, Brazil (ICIS)--Brazil has adopted new guidelines for stocking biodiesel as a way to reduce costs and improve the logistical efficiency of the fuel, the nation's mines and energy ministry said on Monday.

According to the ministry, the measure has a consumer-focused approach regarding its price, quality and supply.

Under the new rules, producers and importers of diesel derived from oil may buy the fuel to stock it themselves or contract a buying option from sellers.

In the buying option, buyers such as state-run oil company Petrobras contract the right to take at any time biodiesel when it needs it, the ministry said. Sellers such as biodiesel plants are obligated to have a steady supply of biodiesel on hand and to complete the transaction at the agreed price, the ministry said.

"By doing this, we avoid the degradation of the product when [it is] stored for long periods. [It still] eliminates the physical transport from the [biodiesel] plants to Petrobras," the ministry said.

Brazilian petroleum agency ANP will oversee the proceedings to make the new rules permanent in the market.

By: Leo Siqueira
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