17 Mgy biodiesel plant announced for Rosario, Argentina

In Argentina, Integrated Biodiesel Industries signed a letter of intent to construct a 17 Mgy biodiesel plant in Rosario. Argentine investors will also participate in the $3.5 million financing. IBI recently acquired a minority interest in Rosario’s Diferal plant, and announced plans earlier for an additional production facility scheduled for groundbreaking before the end of the year. Total capacity from all three plants will be 35 Mgy.

The fast-growing Argentine biodiesel industry will export more than 1.5 million metric tons of biodiesel in 2008 at facilities built by Unitec Bio, Molinos Rio de la Plata, Louis Dreyfus, Patagonia Bioenergia, Explora and GEA Biodiesel among others. Companies such as Royal Caribbean have been procuring biodiesel from Argentina in recent months.

In Argentina, a new biofuels bill was introduced by the federal government extending biofuels incentives to the Argentine sugar industry. The national biofuels bill was signed in March, and mandates a 5% ethanol or biodiesel blend, as well as extending incentives for domestic biofuels projects owned at least 50% by Argentines.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

AE Biofuels, DS Development to construct 75 Mgy soy biodiesel plant in Argentina

In Argentina, AE Biofuels announced an agreement with DS Development to jointly construct and operate a 75 Mgy soy biodiesel plant in Rosario, the center of the Argentine biodiesel industry. The compa...

Two biofuel electricity plants open in Argentina, to produce 31 megawatts

In Argentina, Dynamotive Energy Systems will construct two biofuel electricity plants in Corrientes province. Each plant will produce 15.7 megawatts of electricity from wood waste. Last month, Biod...

Integrated Biodiesel Industries to build third plant in Argentina, with planned capacity of 38 Mgy

In Argentina, Integrated Biodiesel Industries announced it would build a third Argentine plant, by retrofitting the Imperial Chemical plant in San Lorenzo, 180 miles north of Buenos Aires. The plant i...

5 Mgy tallow biodiesel plant announced for New Zealand

In New Zealand, Ecodiesel announced a commercial-scale tallow-based biodiesel plant. The 5 Mgy plant will will commence operation in 2008 and will increase production to 10 Mgy in 2009. New Zealand pr...

Argentina to export up to 1.5 million metric tons of biodiesel in 2008

Biodiesel magazine profiles the fast-growing Argentine biodiesel industry, which will export more than 1.5 million metric tons of biodiesel next year at facilities built by Unitec Bio, Molinos Rio de ...

50 percent of cultivated land in Argentina now used for soybean as beef export controls backfire

In Argentina, a restriction on beef exports aimed at reducing local beef prices has, instead, led to a conversion of 10 percent of Argentine ranchlands to soybean production. Soybean is not subject...