The International Energy Agency (IEA) has expressed concern over the biofuel sector’s crisis in Latin America, caused by the Covid-19 coronavirus outbreak.
In a press statement released today, the IEA said that producers of biofuels in South America’s two biggest markets, Argentina and Brazil, are facing lower demand and lower prices – both in the domestic and export markets.
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To address the situation, said the IEA, it will be critical to recognise the role of biofuels and their benefits in the regional economy.
