ANNOUNCEMENT 07 Aug 2012
The Argentinian Government established a fixed price to biodiesel to be paid to producers by blending companies.
NUMBER OF INTERVENTIONS
Energy Secretariat. Secretaría de Energía. Resolución 1436/2012. Establécese el precio a recibir por las empresas elaboradoras de Biodiesel por parte de las empresas encargadas de realizar las mezclas de combustibles fósiles. http://servicios.infoleg.gob.ar/infolegInternet/anexos/200000-204999/200591/norma.htm
On August 10, 2012, the Argentinian Secretariat of Energy, issued Resolution 1436 establishing a fixed price for biodiesel to be paid by blending companies to biofuel producers. The price determined was 4,405.3 Argentinian pesos per tonne (circa USD 959). In addition to this amount, blending companies had to pay a variable cost per tonne calculated by taking into account the costs of Methanol and of soy oil, including transactions related to its purchase and its transportation.
Previously to this law, there was not fixed price for biodiesel.