• 2025.10.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > Industry

Paraguay Urged to Follow Brazil's Footsteps in Increasing Biofuel Blending Ratios

Yim Kwangsoo Correspondent / Updated : 2025-06-30 22:38:29
  • -
  • +
  • Print

 

Brazil's decision to increase the biofuel blending ratio for petroleum derivatives to 15% starting in August is a measure that the Paraguayan government should emulate to foster the growth of its domestic biofuel industry, according to local industry officials. The Paraguayan biofuel industry currently operates at 50% idle capacity, suggesting immediate growth potential if the blending ratio is increased.

Francisco Jáuregui, Vice President of the Paraguayan Biofuels Chamber (Biocap) and President of Cremer Oleo Paraguay, emphasized that Brazil's decision demonstrates a strong commitment to the development of its biofuel industry. He stated that these measures are making the Brazilian industry a regional leader.

Jáuregui pointed out, "Paraguay, as a country that imports 100% of its fossil fuels, suffers from energy instability and is vulnerable to fluctuations in international oil prices." He added, "Paraguay should follow Brazil's lead and adopt similar policies." He criticized that despite Paraguay already having a solid biofuel industry foundation, the government's low blending ratio cap of 5% hinders the industry's organic growth. "An industry that cannot develop struggles to grow," he argued.

Jáuregui stated that biofuel associations are urging the Paraguayan government to adopt policies similar to Brazil's for biofuel industry development. He added, "Producing one liter of biodiesel will save millions of dollars that would otherwise be spent abroad," explaining that this would "promote the development of the soybean industry and related oil production chains, and also contribute to reducing carbon emissions." Ultimately, he described this as "a way to support local industries and create more jobs."

Jáuregui expressed confidence that the Paraguayan biofuel industry currently has all the conditions to grow in step with other countries in the region.

Current Status and Growth Potential of Paraguay's Biofuel Industry 

Paraguay's biofuel industry began as a small-scale artisanal endeavor in 2005 but entered a full growth trajectory with the enactment of a law to increase blending ratios in 2019 (Law 6,389/2019). However, the actual implementation of this law only began in 2023. Currently, the blending ratio is limited to 5% by a resolution from the Ministry of Industry and Commerce (MIC). The government has stated on several occasions that it is considering raising the blending ratio, but no concrete progress has been made yet.

Paraguay's biofuel plants utilize state-of-the-art technology and have the capacity to immediately increase the blending ratio with fossil fuels to 10%. This means an immediate response is possible thanks to the industry's current 50% idle production capacity. The high idle rate indicates potential for increased production, showing that output could surge if the blending ratio is raised.

In fact, according to data from the Central Bank of Paraguay (BCP), biodiesel exports increased by 49% from $10 million in 2023 to $15 million in 2024. These figures prove that the biofuel industry already possesses significant growth potential, and even greater economic benefits can be expected if the domestic blending ratio is increased.

Industry stakeholders anticipate various positive effects from increasing the biofuel blending ratio, including: a reduction in dependence on imported fossil fuels and enhanced energy security, promotion of domestic agriculture and industrial development, job creation, and reduction in carbon emissions. Brazil's 15% blending ratio policy serves as an important precedent for Paraguay, and proactive policy decisions from the government are needed to fully unleash the potential of the domestic biofuel industry.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #NATO
  • #OTAN
  • #OECD
  • #G20
  • #globaleconomictimes
  • #Korea
  • #UNPEACEKOR
  • #micorea
  • #mykorea
  • #UN
  • #UNESCO
  • #nammidonganews
  • #sin
Yim Kwangsoo Correspondent
Yim Kwangsoo Correspondent

Popular articles

  • International Non-Judicial Body Puts the Brakes on Multinational Corporations Evading Environmental and Human Rights Responsibility

  • Landmark Fine for Deepfake Pornography in Australia Sets Strong Precedent

  • South Korea's Cultural Heritage Facing Extinction as Artisans Age

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065620272753471 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Japan Elects Ultraconservative Sanae Takaichi as First Female Prime Minister: The 'Female Abe' Ascends
  • Trump Pressured Zelensky to 'Accept Russia's Demands or Be Destroyed,' Report from FT Reveals
  • Kering Sells Beauty Division to L'Oréal for €4 Billion Amid Gucci Slump 
  • NATO Deputy Secretary General Pledges to Strengthen Substantive Cooperation with South Korea, Including Defense Industry
  • Uruguay Becomes First Latin American Country to Legalize Euthanasia by Law
  • Peru Declares State of Emergency Amid Political Unrest Fueled by 'Gen Z' Protests

Most Viewed

1
The Imminent Reality: Donald Trump's Unlikelihood for the Nobel Peace Prize as a Destroyer of International Order
2
Renewable Energy Covers 100% of Global Electricity Demand Growth in H1 2025, Marking a Turning Point in the Fossil Fuel Era
3
McDonald's 'Subtle Racism' Controversy: Korean American Denied Order After 70-Minute Wait
4
A Chemical Revolution, the Era of Metal-Organic Frameworks (MOFs) Begins: 2025 Nobel Prize in Chemistry
5
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
광고문의
임시1
임시3
임시2

Hot Issue

EU States Agree to Complete Phase-Out of Russian Gas by End of 2027

US Ships to be Built in South Korea: Washington Considers Easing Protective Maritime Laws for Alliance Shipbuilding Cooperation

South Korea to Drastically Increase Domestic LNG Shipping Rate to 70%

Japan Elects Ultraconservative Sanae Takaichi as First Female Prime Minister: The 'Female Abe' Ascends

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE