As of Tuesday of this week, all
fuel sold in Brazil contains just a pinch (two percent) of
. The UPI
that its sources say the law is good for farmers in the country and "won't increase costs for fuel marketing companies" or how much customers pay at the pump. UPI says that the National Petroleum Agency has data that shows that Brazil will save around $410 million a year through importing less diesel.
While Brazil is known as the king of ethanol in
circles, the country's leaders have been
accelerating biodiesel production
so much that the next phase of the mandatory biodiesel blending law (B5) will likely be a reality by 2010 instead of 2012.