24 May 2007 11:39 [Source: ICIS news]
LONDON (ICIS news)--Spanish biofuel producer Abengoa Bioenergy will invest more than €1bn ($1.35bn) in its bioethanol production capacity over the next three years, said chairman Javier Salgado.
The investment in production could result in the construction of up to eight new plants: four in Europe and four in the ?xml:namespace>
Some of the funds would go towards improving existing facilities, Salgado said in a statement to ICIS news on Thursday.
“This budget is to increase our general capacity, with new plants or at existing plants”, he said.
The announcement was made at a press conference prior to the World Biofuels Conference, which is being held in
Abengoa currently has three bioethanol plants in the
The group was building a plant in
Abengoa currently produces 526m litres/year (526,000 cbm/year) of fuel ethanol in
It is the fifth largest producer in the
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