H. Yoo
Research expert covering South Korea
Biofuels in South America - statistics & facts
Liquid biofuels, namely ethanol and biodiesel, have been used for decades in road transportation as a way to reduce reliance on fossil fuels, control fuel prices, and reduce greenhouse gas emissions. Unlike its fossil counterparts, biofuels are produced from a variety of crops, and their combustion emissions are at least partially offset by the absorption of CO₂ from the feedstock crop during its lifetime. There is a general consensus that the use of liquid biofuels will play an important role in decarbonizing road transportation in the coming decade. In this context, South America – home to two of the leading biofuel-producing countries worldwide and a growing fuel demand – is to remain a key market.
