Blog IICA

Brazil restructures the Biofuels Social Seal and will strengthen biodiesel production and family farming

Fecha de inicio: 01/01/2024
Fecha de fin: 01/01/2025

Description

The decree restructures the Biofuels Social Seal and creates investments for Brazilian agribusiness and the fuel sector. The new decree expands the range of options and producers and encourages the production of new crops, such as the macaúba, a palm tree abundant in northeastern Brazil. In accordance with ordinance No. 28/2024 to maintain the Biofuels Social Seal, the biodiesel producer must demonstrate annually that at least 32% of the total gross value of biodiesel sold in the national market comes from effective and weighted acquisitions of materials. raw materials and products from family farming

Action scope

National

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Short-term

Number of Years

1 - Year -s

Budget in USD

Budget in USD
$430,956,740.00
Counterpart Budget
$0.00
Total Budget
$430,956,740.00
Annual Average Budget
$215,478,370.00

Budget by year

Budget Date Budget in USD Counterpart Budget
2024-01-01 $136,297,440.00 $0.00
2025-01-01 $294,659,300.00 $0.00
Financing Sources Financing Types
Government of Brazil Public budget

Institutions

Institutions Institutions rols
MDA - Ministry of Agrarian Development and Family Farming [EN]

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