57th biodiesel auction In the ANP's 57th biodiesel auction, 759.935 million liters of biodiesel were auctioned, with 99.7% of this volume coming from producers holding the Social Fuel seal. Of these, 759.590 million liters were for mandatory mixing. The average price was R$ 2.334/L, without considering the Petrobras margin, and the total value negotiated reached the level of R$ 1.77 billion, reflecting an average discount of 20.26% when compared to the maximum average reference price (R$ 2.928 /L).
Presentation of offers The presentation of biodiesel offers took place in a single day (03/10), with 35 producers making available a total volume of 862.710 million liters, 99.5% from producers holding the Social Fuel seal. On the first day of selection of offers (05/10), 687.826 million liters of biodiesel were auctioned exclusively from producers holding the Social Fuel seal, around 79.7% of the total offered for the entire auction. On the second day of selection of offers (06/10), 71.764 million liters of biodiesel were auctioned from producers with or without the Social Fuel seal, around 8.3% of the total offered at the auction. Selection of biodiesel offers The presentation and selection of biodiesel offers for voluntary mixing with diesel oil took place on 10/09, when 10 million liters were made available, 95% from producers holding the Social Fuel seal. This volume represents 9.7% of the total unsold supply balance for mandatory addition purposes. 345 thousand liters of biodiesel were negotiated, representing 3.45% of the total offered at the auction. Biodiesel auctions are intended to comply with the provisions of Law No. 13,263, published in the Official Gazette of the Union (DOU) on 03/24/16, which establishes at 8% the minimum mandatory percentage of addition of biodiesel to diesel oil sold to the consumer final (B8), within twelve months after the date of enactment of the Law. The 57th Auction The 57th Auction (L57) aims to guarantee the supply of biodiesel in the national market during the period from November 1st to December 31st, 2017, as per guidelines of Ordinances of the Ministry of Mines and Energy nº 476, of 08/15/12, and nº 576, of 11/11/2015, and criteria established in Public Auction Notice nº 005/17-ANP. The volumes sold will only be validated after approval by the ANP Board.
Source: ANP – National Agency for Petroleum, Natural Gas and Biofuels
