IBOV 170,840.84 ▼ 0.71% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL5.65▲ 1.17% USD/MXN18.62▲ 0.12% USD/CLP994.68▲ 1.21% USD/COP3,308▲ 0.03% USD/PEN3.41▼ 0.04% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.24▲ 0.18% BRENT 95.46 ▲ 2.91% WTI 88.38 ▲ 2.14% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.27% GOLD 3,885 ▼ 2.88% SILVER 50.09 ▼ 3.45% SOY 1,221 ▼ 0.69% CORN 443.25 ▼ 1.06% WHEAT 588.75 ▼ 1.79% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.90 ▼ 3.33% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 222.93 ▲ 1.80% CATTLE 331.55 ▼ 0.32% LITHIUM 59.41 ▼ 2.72% PETR4 44.73 ▲ 2.71% VALE3 64.24 ▼ 0.29% ITUB4 41.43 ▼ 0.70% BBDC4 14.17 ▼ 1.12% ABEV3 15.73 ▼ 0.76% BBAS3 15.47 ▼ 8.41% B3SA3 14.73 ▼ 0.47% WEGE3 51.46 ▼ 0.29% PRIO3 62.94 ▲ 2.39% SUZB3 54.98 ▲ 2.19% RENT3 29.48 ▼ 2.51% AZZA3 16.83 ▲ 9.50% CSAN3 2.87 ▼ 5.28% RAIZ4 0.30 ▼ 98.60% PCAR3 2.42 ▼ 4.72% GMAT3 3.90 ▼ 4.41% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.42 ▲ 3.01% SLCE3 18.01 ▲ 5.63% NATU3 5.39 ▼ 4.09% BRKM5 2.97 ▲ 1.71% RANI3 8.17 ▼ 2.62% CSNA3 4.30 ▼ 4.87% IBOV 170,840.84 ▼ 0.71% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 1.16% USD/MXN 18.63 ▲ 0.14% USD/CLP 994.43 ▲ 1.18% USD/COP 3,308 ▲ 0.03% USD/PEN 3.40 ▼ 0.18% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.24 ▲ 0.19% BRENT 95.46 ▲ 2.91% WTI 88.38 ▲ 2.14% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.27% GOLD 3,885 ▼ 2.88% SILVER 50.09 ▼ 3.45% SOY 1,221 ▼ 0.69% CORN 443.25 ▼ 1.06% WHEAT 588.75 ▼ 1.79% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.90 ▼ 3.33% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 222.93 ▲ 1.80% CATTLE 331.55 ▼ 0.32% LITHIUM 59.41 ▼ 2.72% PETR4 44.73 ▲ 2.71% VALE3 64.24 ▼ 0.29% ITUB4 41.43 ▼ 0.70% BBDC4 14.17 ▼ 1.12% ABEV3 15.73 ▼ 0.76% BBAS3 15.47 ▼ 8.41% B3SA3 14.73 ▼ 0.47% WEGE3 51.46 ▼ 0.29% PRIO3 62.94 ▲ 2.39% SUZB3 54.98 ▲ 2.19% RENT3 29.48 ▼ 2.51% AZZA3 16.83 ▲ 9.50% CSAN3 2.87 ▼ 5.28% RAIZ4 0.30 ▼ 98.60% PCAR3 2.42 ▼ 4.72% GMAT3 3.90 ▼ 4.41% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.42 ▲ 3.01% SLCE3 18.01 ▲ 5.63% NATU3 5.39 ▼ 4.09% BRKM5 2.97 ▲ 1.71% RANI3 8.17 ▼ 2.62% CSNA3 4.30 ▼ 4.87%
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Thursday, November 12, 2026

Bolivia Business - Brazil

Bolivia’s plan to use oil palm as biodiesel

By · · 3 min read

Bolivia’s president, Luis Arce, made official a decree that seeks to promote oil palm plantations to produce biodiesel in the country and reduce dependence on fuel imports.

The document, signed in July, was officially presented on Tuesday during the commemoration of the “Day of the Agrarian, Productive, and Community Revolution” in the Cochabamba region before hundreds of peasants and indigenous militants of the Movement Towards Socialism (MAS).

During his speech, Arce stressed that Bolivia imports diesel and gasoline, fuels used by peasants in machinery and transport of their production to the cities, so he considered that this dependence must “change”.

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Biodiesel and renewable diesel can be produced from vegetable oils. The most common raw materials for this purpose are soybean, cusi, and African palm, which occur in the north of La Paz, Pando, and Beni.
Biodiesel and renewable diesel can be produced from vegetable oils. The most common raw materials for this purpose are soybean, cusi, and African palm, which occur in the north of La Paz, Pando, and Beni.
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For this reason, he advanced that the Andean country would bet on producing “oleiferous species”, such as African palm and jatropha, to generate its own fuels.

“We are going to start producing our own diesel,” the president said. However, in his speech, he made it clear that the priority must be to guarantee food “substituting imports”, given the “deep economic and social crisis” the world is going through.

THE PLAN

In July, the Bolivian government signed a supreme decree creating the Program to Promote the Production of Olive Species, within the framework of the import substitution industrialization policy, to produce biodiesel.

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) foresaw an investment of around US$300 million to build an ecological diesel production complex, including the Hydrotreated Vegetable Oils plant.

According to the project, YPFB would work with the Ministries of Rural Development and Productive Development to plant, harvest, and produce raw materials.

At the moment, tenders, land conditioning, and soil tests have already begun for two biodiesel plants with FAME technology (biofuel produced through the transesterification of vegetable oils) next to the refinery in Santa Cruz, according to ABI.

Biodiesel and renewable diesel can be produced from vegetable oils. The most common raw materials for this purpose are soybean, cusi, and African palm, which occur in the north of La Paz, Pando, and Beni.

NOT EVERYONE AGREES

The National Coordinating Committee for the Defense of Native Indigenous Peasant Territories and Protected Areas of Bolivia (Contiocap) regretted the Bolivian government’s decision in an open letter to Francia Márquez, the next Vice President of Colombia.

During Márquez’s visit to La Paz last Monday, the movement considered that the Bolivian government’s project to promote oil palm plantations to produce biodiesel “represents a threat of further deforestation of the Amazon and other regions of Bolivia”.

Contiocap considers that palm monoculture could impact biodiversity and the environment.

With information from RT

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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