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BP Provides that Biofuels Consumption in Brazil Will Bouble by 2040

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Consumption of biofuels in Brazil is expected to double by 2040 compared to 2016 level, which should increase the share of renewables in the national energy matrix, according to estimates by British company BP, which today released its forecast for the global market energy.

In a chapter related to the Brazilian scenario, BP estimated that biofuels will have a 24% stake in all fuel consumption, compared to 15% in 2016.