ANP eleva meta de Cbios para 2021

  • Spanish Market: Biofuels
  • 22/07/21

A Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) divulgou nova meta de créditos de descarbonização (Cbios) para as distribuidoras em 2021, adicionando as metas pendentes de anos anteriores.

As distribuidoras que não atingiram suas metas anuais em 2019 e 2020 terão que compensar os Cbios não adquiridos durante este ano.

A nova meta adiciona 362.897 Cbios ao objetivo de 2021, elevando-o a um total de 25,22 milhões de Cbios. Cada crédito representa uma tonelada de CO2 removida da atmosfera através da substituição de combustíveis fósseis por biocombustíveis.

A oferta de Cbios na B3 ultrapassou metade da meta anual em junho, com o aumento da geração de créditos pelos produtores —principalmente usinas de etanol — após o início da temporada de etanol de cana-de-açúcar no Centro-Sul do país em abril.


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22/04/24

Brazil 1Q tallow exports triple on long-term contracts

Brazil 1Q tallow exports triple on long-term contracts

Sao Paulo, 22 April (Argus) — Brazilian beef tallow exports totaled 73,930 metric tonnes (t) in the first quarter, a three-fold increase from the same three-month period in 2023 on rising demand. Almost 93pc of outflows between January and March were shipped to the US, according to data from Brazil's trade ministry. Long-term contracts explain the rising flow of exports, even though spot market arbitrage was closed throughout the first quarter (see chart) . The price of tallow in the Paranagua and Santos ports was $960/t fob on 19 April, keeping the arbitrage closed to US Gulf coast buyers, where the reference product was at $901/t on a delivered inland basis. Brazilian tallow is also negotiated at a premium against soybean oil, which closed at $882/t fob Paranagua on 19 April. This scenario has been observed since the 1 December 2023 start of Argus ' tallow export price assessment. Historically, vegetable oil in Brazil was traded at a discount to tallow, but strong demand has boosted the price of animal fat. Some biodiesel plants have been purchasing used cooking oil (UCO) or pork fat as an alternative. In 2023, there were doubts about whether the outflow of tallow from Brazil would be constant. Market participants now believe that the 2024 start of operations at new renewable diesel refineries in the US should sustain exports. Local suppliers that have already signed supply guarantee contracts — some up to three years — with American buyers are also considering export opportunities with Asia, including a new renewable diesel plant in Singapore that could receive Brazilian cargoes. Expansion projects are propelling US demand, including work that would bring capacity at Marathon Petroleum's Martinez Renewables plants in California to 2.35mn m³/y (40,750 b/d)and the Phillips 66 Rodeo unit in northern Californiato 3mn m³/y. These and other new projects will increase annual US demand for tallow by 5mn t. Maintenance on the horizon Maintenance at US refineries has Brazilian sellers bracing for a short-term drop in prices. Between May and June the Diamond Green Diesel (DGD) unit in Port Arthur, Texas, will shut down for maintenance, a stoppage that could impact demand for Brazilian inputs. Market participants have already observed a slight increase in domestic tallow supply, a change they attribute to maintenance at DGD. The advance of the soybean crop in Argentina is also expected to increase the supply of feedstocks to North American plants, as some refineries are returning to soybean oil after a hiatus of several years. The soybean oil quote on the Chicago Board of Trade (CBOT) is an important reference for the price of tallow. By Alexandre Melo Renewable feedstocks in Brazil on fob basis R/t Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Amapá cancela regime especial de ICMS


18/04/24
18/04/24

Amapá cancela regime especial de ICMS

Rio de Janeiro, 18 April (Argus) — O Secretário da Fazenda (Sefaz) do Amapá (AP) cancelou ontem o regime especial de tributação de empresas importadoras de combustíveis, colocando um fim a uma situação que gerava distorções de preços no mercado de diesel . A decisão do órgão foi publicada no diário oficial desta quarta-feira, dia 17, e contempla os regimes especiais do tributo estadual ICMS de oito empresas, entre elas a Refinaria de Manguinhos, que pertence ao grupo Fit, Amapetro, Axa Oil, Alba Trading e Father Trading. No caso da Amapetro, a empresa pagava uma alíquota efetiva de 4pc do valor da importação nas compras de outros países para uso próprio para consumo dentro do estado. Considerando a média do indicador Argus de importação de diesel de origem russa ao longo de março, isso equivaleria a R$136,9/m³.O valor atual do ICMS nos outros estados brasileiros é de R$1.063/m³ desde 1 de fevereiro. O estado teria importado 197.244m³ de diesel em março, de acordo com informações do Ministério do Desenvolvimento, Indústria, Comércio e Serviços (MDIC). Isso equivale a 15,9pc do total de diesel importado pelo Brasil no mês. O consumo de diesel A do estado foi de 6.250m³ no mês passado, equivalente a 0,1pc do consumo nacional, de acordo com os dados da Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP). As autorizações do estado criavam distorções de preços no mercado e perdas de arrecadação fiscal em várias estados onde o produto acabava sendo consumido. Associações de produtores e distribuidores de diesel vinham pressionando o poder público nos últimos meses para derrubar esses regimes especiais. De acordo com o Instituto Combustível Legal, a medida causou um prejuízo de R$1 bilhão aos estados onde o combustível importado no âmbito do regime especial era efetivamente consumido, citando os estados de São Paulo, Paraná e Pernambuco como principais destinos. No início do mês, a Refina Brasil, que reúne as refinarias de petróleo independentes do país, estimou que o contribuinte amapaense pagava um valor próximo a R$0,83/l em subsídios para importadores. Por Amance Boutin Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2024. Argus Media group . Todos os direitos reservados.

Conab: Safra de cana-de-açúcar bate recorde


18/04/24
18/04/24

Conab: Safra de cana-de-açúcar bate recorde

Sao Paulo, 18 April (Argus) — A moagem de cana-de-açúcar da safra 2023-24 foi a maior da história do país, em meio a condições climáticas favoráveis e investimentos no setor, de acordo com dados da Companhia Nacional de Abastecimento (Conab). O processamento total de matéria-prima da safra de 2023-24, entre abril de 2023 e o mesmo mês deste ano, totalizou 713,2 milhões de t, alta de 16pc em comparação a 610,8 milhões de t na temporada anterior. As áreas destinadas à atividade canavieira aumentaram 0,5pc, para 8,3 milhões de hectares (ha). A maior disponibilidade de matéria-prima estendeu as operações de moagem – que normalmente param em novembro – até dezembro em importantes estados produtores, como São Paulo. Produção de etanol Tanto a produção de etanol quanto a de açúcar cresceram, segundo a Conab. A produção total de etanol do Brasil – excluindo o biocombustível à base de milho – atingiu 29,6 milhões de m³, salto de 11pc na base anual. O etanol hidratado representou a maior parte do crescimento do processamento este ano, totalizando 17,6 milhões de m³, aumento de 16pc em relação ao ciclo anterior. A paridade favorável para o E100 frente à gasolina na bomba nos principais estados consumidores impulsionou a demanda pelo biocombustível na temporada. Já a produção de etanol anidro subiu 6,5pc, para 12 milhões de m³. O processamento de etanol à base de milho avançou 33pc, registrando 5,9 milhões de m³, com crescentes investimentos no setor tanto no Centro-Sul quanto em outras regiões. O anidro de milho subiu 45pc, para 2,2 milhões de m³. Para o hidratado, o resultado foi de 3,6 milhões de m³, alta anual de 26pc. O Brasil exportou 2,5 milhões de m³ de etanol na temporada de 2023-24, queda de 2,9pc em comparação à safra passada. Os Estados Unidos foram os maiores compradores do biocombustível, com 33pc dos embarques. Em seguida, a Coreia do Sul e o hub Amsterdã-Roterdã-Antuérpia (ARA) responderam por 17pc e 12pc, respectivamente. Já as importações de etanol caíram 43pc em comparação ao ano anterior, somando 215.000m³. Quase todo o produto chegou dos EUA e do Paraguai, que representaram 55,5pc e 44,3pc do volume total. Enquanto isso, a produção de açúcar aumentou 24pc, para 45,6 milhões de t, com usinas direcionando mais matéria-prima para o adoçante em meio a preços atrativos para a commodity no mercado internacional. O Brasil exportou 35,2 milhões de t de açúcar de abril a março, alta de 26pc no ano, em um cenário em que grandes exportadores, como Índia e Paquistão, diminuíram as entregas. China, Índia e Indonésia foram os maiores importadores do produto brasileiro. Por Laura Guedes Envie comentários e solicite mais informações em feedback@argusmedia.com Copyright © 2024. Argus Media group . Todos os direitos reservados.

TUI Cruises receives methanol-ready ship


18/04/24
18/04/24

TUI Cruises receives methanol-ready ship

New York, 18 April (Argus) — Cruise ship company TUI Cruises took delivery of a methanol-ready cruise ship which will start operations at the end of June. Methanol-ready vessels allow ship owners to easily retrofit their vessels to burning methanol in the future. The 7,900t deadweight Mein Schiff 7 will operate in the North Sea, the Baltic Sea, along the European Atlantic coast and in the Mediterranean and run on marine gasoil (MGO). It was built by Finland's Meyer Turku shipyard. In January, TUI Cruises signed a memorandum of understanding with trading company Mabanaft for future supply of green methanol. Mabanaft would cover TUI's methanol needs in northern Germany, and gradually add other European locations. Grey methanol was pegged at $717/t MGO equivalent and biomethanol at $2,279/t MGOe average from 1-18 April in Amsterdam-Rotterdam-Antwerp. About 0.9 times and 2.9 times, respectively, the price of MGO, Argus assessments showed. TUI Cruises is a joint venture between the German tourism company TUI AG and US-based cruise ship company Royal Caribbean. By Stefka Wechsler Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

Canada furthers investment in GHG reductions


18/04/24
18/04/24

Canada furthers investment in GHG reductions

Houston, 18 April (Argus) — The Canadian government plans to have C$93bn ($67.5bn) in federal incentives up and running by the end of the year to spur developments in clean energy technology, hydrogen production, carbon capture utilization and storage (CCUS) along with a new tax credit for electric vehicle (EV) supply chains. The Canada Department of Finance, in its 2024 budget released on 16 April, said it expects to have the first planned investment tax credits (ITCs), for CCUS and renewable energy investments, in law before 1 June. The ITCs would be available for investments made generally within or before 2023 depending on the credit. The anticipated clean hydrogen ITC is also moving forward. It could provide 15-40pc of related eligible costs, with projects that produce the cleanest hydrogen set to receive the higher levels of support, along with other credits for equipment purchases and power-purchase agreements. The government is pursuing a new ITC for EV supply chains, meant to bolster in-country manufacturing and consumer adoption of EVs with a 10pc return on the cost of buildings used in vehicle assembly, battery production and related materials. The credit would build on the clean technology manufacturing ITC, which allows businesses to claim 30pc of the cost of new machinery and equipment. To bolster reductions in transportation-related greenhouse gas (GHG) emissions, the government will also direct up to C$500mn ($363mn) in funding from the country's low-carbon fuel standard to support domestic biofuel production . Transportation is the second largest source of GHG emissions for the country, at 28pc, or 188mn metric tonnes of CO2 equivalent, in 2021. But the province of Alberta expressed disappointment at the pace of development of ITC support that could help companies affected by the country's move away from fossil fuels. "There was nothing around ammonia or hydrogen, and no updates on the CCUS ITCs that would actually spur on investment," Alberta finance minister Nate Horner said. The incentives are intended to help Canada achieve a 40-45pc reduction in GHG emissions by 2030, relative to 2005 levels. This would require a reduction in GHG emissions to about 439mn t/yr, while Canada's emissions totaled 670mn in 2021, according to the government's most recent inventory. The budget also details additional plans for the Canada Growth Fund's carbon contracts for a difference, which help decarbonize hard-to-abate industries. The government plans to add off-the-shelf contracts to its current offering of bespoke one-off contracts tailored to a specific enterprise to broaden the reach and GHG reductions of the program. These contracts incentivize businesses to invest in emissions reducing program or technology, such as CCUS, through the government providing a financial backstop to a project developer. The government and developer establish a "strike price" that carbon allowances would need to reach for a return on the investment, with the government paying the difference if the market price fails to increase. CGF signed its first contract under this program last year , with Calgary-based carbon capture and sequestration company Entropy and has around $6bn remaining to issue agreements. To stretch this funding further, the Canadian government intends for Environment and Climate Change Canada to work with provincial and territorial carbon markets to improve performance and potentially send stronger price signals to spur decarbonization. By Denise Cathey Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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