The Ministry of Mines and Energy (MME), published on Friday (09/04), in the Official Gazette (DOU), three ordinances for the framing of priority projects in the biofuels sector, with a view to issuing incentive debentures, which total R $ 4.3 billion in investments. Since October 2019, twelve ordinances have been published, which, in less than a year, already total R $ 13.3 billion in investments in the sector.

The approved projects are intended for the renewal of sugarcane fields, which is essential for expanding production and the internal supply of ethanol. The use of this mechanism of incentive debentures for the biofuels sector only became viable from the perspective of growth of its market, generated with the implementation of the National Biofuels Policy, RenovaBio.

The policy came into operation in December 2019 and further stimulates competition in the internal supply of fuels promoted by the presence of biofuels, which has the potential to promote lower prices for consumers.

The expected new investments are just the beginning of a virtuous cycle, started with a clear definition of the role of biofuels in the national energy matrix promoted by RenovaBio. The evolution of the biofuels sector is a strategic option of the Federal Government for the sustainable development of the country.