YPFB plans to increase the purchase of ethanol to more than 200 million liters in 2024
UCOM MHE 11-24-23.- From the next administration, the state company YPFB plans to acquire more than 200 million liters of anhydrous ethanol. In subsequent years, a progressive increase in the purchase volume of this product is anticipated, which will translate into greater income for sugar mills and sugarcane producers.
Starting in 2024, mixtures of anhydrous ethanol with gasoline will be progressively increased until they reach 15%, stated the Vice Minister of Industrialization, Marketing, Transportation and Storage of Hydrocarbons, Willan Donaire. “The ethanol program is a priority for the Government and there is a beneficial cost relationship, both for the State and for the sugarcane and sugarcane sector,” he added.
He explained that this program is distinguished by a special price, known as the indifference price, which implies the comprehensive recognition of the costs associated with the process. In this way, the sugar mill is valued and compensated for the cost of ethanol production, marketing expenses, costs derived from the dehydration of ethanol to convert it into anhydrous ethanol and the investments made.
Likewise, this approach guarantees equitable and transparent remuneration for the actors involved, establishing a fair price of Bs 4.80 per liter that YPFB pays, which not only recognizes the effort and investment made by the sugar mills, but also promotes the economic viability and sustainability of the program in the long term.
He explained that the initiative seeks to guarantee the supply of this fuel for domestic consumption and encourages collaboration and mutual benefit between YPFB, sugar mills and sugarcane producers, thus consolidating a strategic partnership scheme to promote the sector and diversify the energy matrix. from the country.
This program is fundamental for the Government, because it marks the entry into the era of biofuels through the strategic use of ethanol. By adopting this alternative, “we are not only moving towards more sustainable and environmentally friendly practices, but we are also diversifying our energy….
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