ANP and MME present RenovaBio structuring in the financial market

Market for decarbonization credits is being delineated by the institutions

The flow of decarbonization credits (CBios) – from biofuel producing plants to the request for “retirement” of the securities by distributors – was presented late Monday (16) by the director of the biofuels department of the Ministry of Mines and Energy ( MME), Miguel Ivan Lacerda.

The credit market was created by the new national biofuels policy (RenovaBio) and is expected to come into effect from January 1, 2020.

Speaking at NovaCana Ethanol Conference 2019 in Sao Paulo, Lacerda brought an image that involves three “axes”: biofuel producers, investors and fuel distributors who have targets and are therefore required to buy CBios accordingly. with them. They all come together in the so-called “organized market”.

“The organized market is the stock exchange”, simplifies Lacerda. According to him, the country has three stock options, which are being considered. “We also have an offer to trade CBios on the New York Stock Exchange. But it is still initial ”, announces.

In turn, the director of the National Agency of Petroleum, Natural Gas and Biofuels (ANP), Aurélio Amaral, exhibited the structure of the CBio Platform, which is being developed by ANP in partnership with the Federal Data Processing Service (Serpro). She should be responsible for monitoring the environmental ballasts of the CBios, as defined by  decree published in June this year .

In this case, the platform aims to give transparency and credibility to the titles, crossing the data of the biofuel production plants – informed to the ANP’s own Product Movement Information System (Simp) – with information from the IRS and, finally, ascertaining the fulfillment of the goals by the distributors.

“This is the ‘face’ of the CBio Platform, which we are working on in conjunction with Serpro. The drawing is already ready, we are now in the hiring phase of Serpro ”, says Amaral, who adds:“ The programming – transforming this ‘smiley face’ into a logarithm – is already underway ”.

According to him, the system must be ready and in operation by December 24, the date that marks the beginning of the commercialization of CBios. “It is a very secure platform, since Serpro is the holder of invoices,” he says.

Also according to Amaral, there are two new inspector firms in the process of accreditation at the agency, totaling seven certifiers. In addition, 77 certifications have already been contracted – of these, 65 are from sugarcane ethanol, one is from a flex ethanol plant (corn and sugarcane), ten are from biodiesel and one is from biomethane.

To see the flowcharts that demonstrate how the CBios market will structure, access the full content (subscriber only).