Brazil’s alternative-fuels sector is setting its investment plans in motion following the enactment of a new law requiring that bio-fuel be added to all diesel sold in the country starting in 2008. “[The law] has prompted us to invest in biodiesel because of the guaranteed market,” says Claudio Tonol, coordinator of new projects for Granol, a Brazilian soy-oil company preparing to produce biodiesel. “Without that requirement, our biodiesel project would still be under study.” Enacted by the Brazilian Congress in January, the new law authorizes the voluntary sale of diesel containing 2% bio-fuel through 2007. But by 2008, this mixture—called B-2 biodiesel—must replace conventional diesel, the legislation says. And by 2013, B-2 biodiesel must give way to... [Log in to read more]