Advanced Biofuels Market Analysis in Latin America
biodiesel market LATAM Biodiesel demand in Latin America, particularly from vegetable oil feedstocks.
The biodiesel market in Latin America is a dynamic and growing sector. Argentina and Brazil are the main producers, with Argentina's industry being heavily based on soybean oil. Biodiesel is widely used in the transportation sector, often blended with petroleum diesel. The market is supported by mandates and policies that require a certain percentage of biodiesel to be blended into diesel fuel. The availability of diverse feedstocks, including vegetable oils and animal fats, ensures the industry's continued growth and resilience.
While the market will continue to be influenced by global oil prices and policy developments, the long-term trend is one of expansion. The focus on advanced biofuels and the decarbonization of hard-to-abate sectors like aviation and shipping will open up new market opportunities. Latin America is poised to not only meet its own growing demand but also to…
