Biodiesel and ethanol producers in Brazil are looking at what could become a solution to their production surplus: the global marine fuels market. As discussions around alternative fuels gain momentum abroad, the Brazilian government is taking steps to align with international standards and develop the domestic bio-bunker market. In this episode of Market Talks, marine fuels pricing specialists Natália Coelho and Gabriel Tassi Lara discuss market participants’ expectations ahead of the International Maritime Organization (IMO) meeting at the end of the year.
Key themes:
- Proposed legislation to establish Brazil’s National Sustainable Marine Fuels Policy and ANP’s public consultation process
- Alignment with International Maritime Organization (IMO) regulations
- The potential of second-crop corn ethanol
- Compliance with FuelEU requirements
- Expectations for the upcoming IMO meeting
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