Business · Energy & Commodities · 1 day ago

Caramuru CEO says Brazil’s biodiesel sector has room to grow

Caramuru CEO says Brazil’s biodiesel sector has room to grow

Marcus Thieme, CEO of Brazilian food company Caramuru Alimentos, says the country’s biodiesel sector has room to grow.

He says ethanol blending has advanced further, while biodiesel remains below market expectations.

Tests are examining a move from B15 to B17, meaning a higher share of biodiesel in the fuel blend, and studies are also looking at B20.

Thieme expects the tests to be completed next year.

He says gradual changes could give companies more confidence to invest and produce more biodiesel.

The fuel is made from soybean oil, one of the products created when soybeans are processed.

Caramuru makes both cooking oil and biodiesel from soy.

Sources

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