Coprossel distributes surpluses and expands regional investments
The forecast is to exceed R$ 15 million by the end of the 2024 fiscal year
Law No. 15.082 of December 30, 2024, which amends the National Biofuels Policy (RenovaBio), was published in the Official Gazette of the Union. The new legislation includes independent producers of raw materials for the production of biofuels in the sharing of revenues from Decarbonization Credits (CBIOs).
The law also changes the legislation on proof of biodiesel stock and establishes stricter penalties for failure to meet decarbonization targets.
According to the text, independent producers of sugarcane and other biomass will now have the right to a minimum share of the revenue generated by the sale of CBIOs.
This share will be 60% for those using the standard agricultural profile and 85% for those providing specific data for calculating energy-environmental efficiency. The additional revenue will depend on the data provided and the associated environmental performance.
The new law also provides that fuel distributors that do not meet decarbonization targets will be subject to penalties that include fines of up to R$500 million and the possibility of revocation of their authorization to operate.
Furthermore, default may prevent the sale of fuels, as defined by the National Petroleum Agency (ANP).
Measures were included to improve control over the production and sale of biodiesel. Distributors must prove that their stocks are compatible with sales, under penalty of administrative and commercial sanctions.
The law comes into effect immediately for most provisions, with the exception of some measures that will have a 90-day adaptation period.
Related to the subject, click here to read "Brazil now has a specific law on bioinputs".
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