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Chemrez welcomes plan to revise biodiesel blend

CHEMREZ Technologies Inc., a wholly owned subsidiary of listed D&L Industries, on Thursday welcomed an Energy department draft circular proposing the implementation of a higher biodiesel blend.

The circular calls for an increase in the biodiesel or coco methyl ester (CME) blend to 3.0 percent (B3) from 2.0 percent (B2) effective July 1 this year. This will further increase to B4 by July 1, 2025 and to B5 effective July 1, 2026.