Policy to promote the production and commercialization of biodiesel (Law 939)
The biofuels program for diesel engines in Colombia began in December 2004 with the approval from the Congress of Law 939, whose objective was to stimulate the production and commercialization of biofuels, from vegetable or animal origin.
Among others, this Act authorized an exemption of taxes for new plantations of palm oil. It defined the different kinds of biofuels for use in diesel engines and specified that the diesel fuel used in the country may contain a blend of biofuel in the qualities and volumes established by the Ministry of Mines and Energy. In addition, incentives such as exemption from global tax were granted for biodiesel.
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