Colombian biofuel sector upbeat despite COVID-19 impact – BNamericas English

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Bnamericas Published: Wednesday, February 10, 2021
Colombian biofuel sector upbeat despite COVID-19 impact

Colombian biodiesel sales fell 3.8% in 2020 as the coronavirus pandemic eroded demand for refined products, according to new figures published by national industry group Fedebiocombustibles.

Domestic sales of the fuel reached 512,000t compared with 533,000t in 2019, the Bogotá-based entity said on Wednesday. 

Ethanol consumption dropped even further, with sales of the sugarcane-based compound falling 15% year on year to 611Ml. 

“These contractions in demand were mainly due to the reduction in the consumption of liquid fuels caused by the… measures adopted to face the COVID-19 pandemic,” Fedebiocombustibles said. 

Source: Fedebiocombustibles

Despite a difficult past year for producers, the association said the industry had been buoyed by new regulations that favor biofuel investments and incentivize pilots with higher plant-based admixtures. 

“This year promises a bring biofuel demand growth, particularly due to the increase in the biodiesel blending mandate from 10% to 12% [and]… the ethanol blending mandate,” it added. 

Source: Fedebiocombustibles

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