After falling off the last couple of years, biodiesel exports from Argentina are on the rise again. This article from the Business Recorder credits the country’s cut in sales taxes last May that look to allow biodiesel exports to double this year compared to last.
Under pressure to jumpstart activity in the sector, the government cut biodiesel export taxes to 11 percent from 21 percent in May. Now the South American grains powerhouse is on track to double exports of the fuel this year to 1.4 million tonnes versus 700,000 tonnes in 2013, said Luis Zubizarreta, president of Carbio, the chamber of biodiesel producers and exporters.
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Under pressure to jumpstart activity in the sector, the government cut biodiesel export taxes to 11 percent from 21 percent in May. Now the South American grains powerhouse is on track to double exports of the fuel this year to 1.4 million tonnes versus 700,000 tonnes in 2013, said Luis Zubizarreta, president of Carbio, the chamber of biodiesel producers and exporters.
domesticfuel.com»