Renovabio

Distributor buys 22,000 CBIOs; transaction at B3 was the 1st party obliged

T&B Petroleum/Press Office UDOP
30/07/2020 20:53
Visualizações: 836 (0) (0) (0) (0)

Market sources heard by UDOP reported that B3 - Brasil, Bolsa, Balcão made, on July 24, the first sale of CBIOs - Decarbonization Credits to an obliged party (distributor). The volume traded, also according to this source, who preferred anonymity, was 22 thousand CBIOs, that is, 22 thousand tons of carbon offset (not emitted in the atmosphere).

 

Each CBIO is equivalent to a reduction in the emission of 1 ton of carbon in the atmosphere, CBIO is a program that encourages the production of renewable energy, a new way to enhance the Brazilian biofuel production chain. According to operators in this market, ethanol and biodiesel producers win with CBIOs, as an additional source of revenue, society gains with an effective system for offsetting CO2 emissions and the environment, with a ton less emission.

 

The so-called 'obliged parties', that is, issuers of CBIOs and fuel distributors (responsible for retiring these CBIOs), and also the so-called non-obliged parties, who can be understood by any and all interested parties ( player) in the purchase and sale of the asset, listed in B3. On average, each CBIO has been traded between R $ 15 and R $ 50.

 

Another source heard by UDOP also celebrated the CBIO transactions at B3. "The #CBIO Market already registers the growth and structuring of RenovaBio. Yes, for those who still don't know RenovaBio is going from strength to strength. In Almirante's sea", highlighted this source in a social network.

Most Read Today
see see
Products and Services
RiverTough Bearings and Seals
26/08/26
Navalshore
Firjan SENAI presents the Supplier Opportunities Network...
17/08/26
Equatorial Margin
Morpho Well: Petrobras discovers hydrocarbons in ultra-d...
15/08/26
Power Generation
Campo Grande hosts four days of debates on bioenergy and...
12/08/26
International
KPMG: fossil fuel consumption falls, despite oil's signi...
12/08/26
Fenasucro
Fenasucro & Agrocana opening highlights Brazil's leaders...
12/08/26
Event
IBP and BIP bring together leaders to discuss technology...
11/08/26
Event
Asset Management gains prominence in corporate strategy;...
11/08/26
Macaé
Foresea takes part in WSOP 2026 and reinforces that safe...
11/08/26
Sergipe-Alagoas Basin
Siemens Energy advances offshore expansion in Brazil wit...
10/08/26
Campos Basin
Raia Project Reaches New Milestones in One of Brazil’s M...
06/08/26
Permanent Offer
ANP Takes Part in Ceremony Marking the Signing of Contra...
05/08/26
SOG 2026
ABPIP Strengthens Territorial Development Agenda in Serg...
04/08/26
SOG 2026
SOG26 Surpasses the Previous Edition and Reinforces Serg...
03/08/26
People
Shell Brasil Begins a New Leadership Cycle with João San...
03/08/26
Results
ANP Releases Consolidated Data on Oil and Gas Production...
03/08/26
SOG 2026
Banco do Nordeste Has R$ 504 Million for the Energy Sect...
03/08/26
PPSA
TotalEnergies and ExxonMobil Win Atapu and Bacalhau Cargoes
31/07/26
SOG 2026
Sebrae Sergipe Strengthens Small Businesses and Expands ...
31/07/26
PPSA
PPSA Expects to Hold the First Auction of the Union’s Na...
30/07/26
SOG 2026
Sergipe Oil & Gas 2026 Begins with a Focus on Investment...
30/07/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.