18 November 2007 20:41 [Source: ICIS news]
By William Lemos
BUENOS AIRES (ICIS news)--Brazilian biodiesel producer BioVerde plans to nearly triple production of the biofuel in 2008 to meet an expected surge in local demand for the product next year, a company official said on Sunday.
BioVerde has installed capacity to produce 83m litres/year of biodiesel, but that figure could be expanded to 230m litres/year by the end of 2008, the source said on the sidelines of the Latin American Petrochemical Association (APLA) conference in ?xml:namespace>
BioVerde said it plans to diversify its feedstock base in the coming years to offset the rising costs of soybeans.
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