10 March 2008 19:47 [Source: ICIS news]
BUENOS AIRES (ICIS news)--Argentina's ALS Bioenergias plans to invest around $200m (€130m) to build five biodiesel plants in the country for a total capacity of 600,000 tonne/year, plus a 120,000 tonne/year ethanol plant, a company official said on Monday.
"The completion of the project will depend on the results of the harvests, although it is expected that they will be ready in six years," company president Ariel Scaparro said in Spanish.
Each biodiesel facility will have 120,000 tonne/year capacity and will be located at Entre Rios, ?xml:namespace>
The producer has signed an agreement with the Entre Rios province to construct the first two facilities, which will begin producing in two years, Scaparro added.
One plant will use raw materials such as soy and rapeseed to produce biodiesel, and the other will produce bioethanol from sorghum and maize. The company has also plans to use alternative feedstock crops that include jatropha, sweet sorghum and micro seaweed.
The government of Entre Rios will support the initiative by giving logistic and fiscal incentives, he said.
($1 = €0.65)
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