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: 696 (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
Partnership
Halliburton and Shape Digital establish strategic collab...
06/05/26
ROG.e
ROG.e 2026 will bring together CEOs from TotalEnergies, ...
06/05/26
International
At OTC Houston 2026, Firjan SENAI SESI expands its reach...
06/05/26
International
At OTC Houston 2026, Firjan SENAI holds international ed...
04/05/26
Recognition
BRAVA Energia receives top global industry award for Atl...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
04/05/26
Pre-Salt
PPSA closes 2025 with a net profit of R$ 30.1 million
04/05/26
Results
With 5.531 million boe/d, Brazil continues with record o...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
02/05/26
Environment
Brazil appears among world's largest methane emitters in...
30/04/26
PPSA
Federal Government receives R$ 917.32 million from Tupi ...
07/04/26
Study
Brazil increases dependence on thermal power, but lack o...
07/04/26
Permanent Offer
Permanent Production Sharing Offer (OPP): ANP publishes ...
07/04/26
Taxation
Infis Consultoria promotes the 4th Oil & Gas Taxation Se...
07/04/26
Green Hydrogen
Study at RCGI maps regions with the greatest potential f...
07/04/26
iBEM26
Goldwind advances in Bahia with factory in Camaçari and ...
27/03/26
iBEM26
Bahia showcases its bioenergy potential and reinforces i...
27/03/26
iBEM26
ESG practices in the renewable energy sector are highlig...
26/03/26
iBEM26
ABPIP highlights the role of independent producers in en...
26/03/26
iBEM26
Jerônimo Rodrigues highlights Bahia’s potential in the e...
26/03/26
Campos Basin
New oil discovery in the pre-salt of the Campos Basin
26/03/26
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.