Argentina More Than Doubles Required Ethanol Blend To Move Away From Fossil Fuels
On April 8, 2016, Reuters reported that Argentina is planning on increasing the required percentage of ethanol in gasoline from 12 percent to 26 percent. Specific targets have not yet been created for increasing the required ethanol blend, but Argentina has been increasing the required ethanol percentage to reduce energy deficits and boost its economy. Argentina first created an ethanol mandate at five percent in 2010, and has increased the percentage incrementally since then. The increase of 14 percent, from 12 percent to 26 percent, is expected to result in $400 million in investments, and is also expected to streamline automaker operations, as many cars are produced for both the Argentinian and Brazilian markets.