Two nascent sectors — ethanol from sugar cane and biodiesel from African palm oil — are not up to the challenge of supplying local demand, officials tell Recharge.
An estimated $1bn has been invested in Peruvian biofuels to date, but no ethanol has been produced yet, while biodiesel is produced only in relatively small amounts.
A 7.8% ethanol-blend mandate goes into effect on 1 January, but local oil refineries are trying to have it postponed indefinitely because they claim they will lose market share and money.
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