Ecopetrol (NYSE: EC) has thrown its weight behind a key shift in Colombia’s energy policy: increasing the blending of biodiesel and ethanol in fuels, while also betting on sustainable aviation fuel (SAF) produced from palm oil.
Colombia’s long-awaited Pacific regasification plant has taken a major step forward, as Ecopetrol (NYSE: EC) announced the involvement of Belgian shipping group Exmar in the project’s construction.
Colombia’s fuel sector is bracing for a major shake-up as four companies, Primax, Biomax, Coesco, and Autogas, prepare a large-scale integration of their operations.
The closure of the highway to the Llanos region has placed Colombia’s propane supply at risk, according to the Colombian Association of Gas Marketers (Agremgas).
The Colombian government’s proposed tax reform could significantly raise trade and logistics costs, warned Javier Díaz, president of the National Association of Foreign Trade (Analdex).
Aquiles Mercado, Vice President of Finance and Administration at Promigas, raised a stark warning: Colombia’s energy transition risks becoming a cautionary tale of neglecting existing resources in pursuit of an idealized “green” future.
Ecopetrol (NYSE: EC) announced the successful reactivation of the UOP II cracking unit at its Barrancabermeja refinery, following what it described as the most significant maintenance intervention in the past 30 years at this strategic facility for Colombia’s energy security.
Colombians are set to pay more at the pump after the Ministry of Finance (MinHacienda) announced a new tax reform that will gradually increase the value-added tax (VAT) on gasoline, diesel, and biofuels.
President Gustavo Petro has once again turned his criticism toward state oil company Ecopetrol (NYSE: EC), this time alleging that 10% of the gasoline it refines ends up in the hands of criminal organizations for cocaine production.
Propane is gaining prominence in Colombia as the country grapples with declining natural gas reserves.
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