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South America

Argentina raises biofuel prices for domestic market

The Argentine government raised biofuel prices for the domestic market, according to two resolutions published in the official gazette.

Argentina's YPF to invest $400 MM in SAF venture

The new venture, to be called Santa Fe Bio, will be run in tandem with Essential Energy and operate out of YPF's San Lorenzo refinery.

OC Global signs MoU with Passo Fundo for greenfield ammonia plant in Brazil

Oriental Consultants Global Co., Ltd. signed a Memorandum of Understanding with the City of Passo Fundo, Brazil, concerning support for the construction of an onsite green ammonia plant.

Brazil's Grupo Potencial to invest $392 MM in corn ethanol plant as part of biofuels complex

Brazil's Grupo Potencial will invest 2 B reais ($392.9 MM) to build a corn ethanol plant in Lapa, Parana state, as part of a plan to develop the world's largest biofuels complex.

U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses

The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub, which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington's pressure strategy on Venezuela's sanctioned energy industry.

Argentina raises biofuel prices for domestic market

The Argentine government raised the prices of biofuels for mandatory local blending on Monday.

HIF Global announces new design for e-Fuels project in Paysandú, Uruguay

As part of an ongoing dialogue process with the community and the government of Uruguay, HIF Global has presented a revised version of its e-Fuels project in the Paysandú Department.

Brazil's Petrobras to invest $4.8 B in integration between Reduc refinery and Boaventura complex

Brazilian state-run oil firm Petrobras will invest 26 billion reais ($4.8 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state.

Braskem completes first sale of circular polyethylene in South America

Braskem has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group.

Brazil's energy minister hints at possible fuel price cuts

Brazil's Mines and Energy Minister Alexandre Silveira suggested that gasoline and diesel prices could soon be lowered in the country, where state-run oil giant Petrobras controls most of the refining capacity.