Brazilian hydrocarbons regulator ANP is set to publish a resolution on the biomethane certificate of origin (CGOB) issuer certification procedure at the beginning of September, it said on 25 August.
The procedure will come out as technical report number 4, according to ANP. After a biomethane producer or importer is certified to issue CGOBs, it will be able to issue the credit through the CGOB platform. The platform has yet to be published and has no timeframe to do so, ANP said.
ANP also has yet to disclose the methodology for the individual CGOB target for obligated agents under the biomethane mandate.
Brazil's biomethane market is waiting for the CGOB mandate to launch, with market participants pointing to the mandate's delay as one of the factors hindering liquidity in the sector.
The overall CGOB target will be proportional to the remaining amount of months of 2026 after the first CGOB emission. With the delay, market participants expect the target to initially come out with a smaller volume of CGOBs to trade.
