Overview
- Industry leaders testified before the Chamber of Deputies on Wednesday requesting a new biofuels law and explicitly endorsing the La Libertad Avanza proposal linked to Senator Patricia Bullrich that would raise the ethanol blend in gasoline from 12% to 15%.
- Speakers presented sector figures showing roughly 600,000 tonnes of recent annual sugar exports and a market profile they described as about 50% domestic sales, 25% exports and 25% ethanol.
- A wide group of producers, agroindustrial bodies, universities and unions issued a joint communiqué supporting the Bullrich/LLA bill and arguing it would bring regulatory certainty for investment.
- The industry argued the reform would reduce fuel imports and save foreign currency while expanding cogeneration from sugarcane residues to produce electricity and deliver regional economic benefits.
- The bill now awaits formal debate in congressional committees and on floor votes, with refiners and a YPF executive warning logistical and quality limits for cuts above 10% that could shape how the measure is negotiated.