13 July 2006 17:55 [Source: ICIS news]
MADRID (ICIS news)--Grupo Activos is to invest €60m ($76m) to build five biofuel factories in Spain that will produce a total of 280,000 tonnes a year from September 2007, general manager Jose Enrique Alarcon said on Thursday.
The plants will be located in Barcelona, Tarragona, Burgos, Granada and Huesca.
Barcelona-based Activos will make so-called b-100 biodiesel, which is made from soy crops, and which the company is already selling in Spain, Alarcon said.
Activos hopes to bring the Burgos, Huesca and Tarragona facilities on stream next March, Alarcon said, adding that each facility will make 40,000 tonnes/year of b-100. The 80,000 tonnes/year plants at Barcelona and Granada are due on stream in September, he added.
Grupo Activos already operates a 20,000 tonnes/year biodiesel factory in Ciudad Real, central Spain.
The introduction by the European Commission (EC) of a requirement for a 5.75% biofuels-blend in transport fuel by 2010 has sparked an upsurge in biofuel production across the continent, with dozens of companies announcing new projects.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections