Argentina Patagonia Bio invests in biodiesel

10 September 2008 23:54  [Source: ICIS news]

BUENOS AIRES (ICIS news)--Argentina’s Patagonia Bio will inaugurate its first biodiesel plant in San Lorenzo, Santa Fe province, as part of a $110m (€78m) investment, the company’s president said on Wednesday.

The plant will have a production capacity of 250,000 tonnes/year by 8 November, said company president Gabriel Obrador during the Biofuels Markets Americas Congress in Buenos Aires.

“Next year the company plans to double its nameplate capacity,” Obrador said.

The production of biodiesel will be based on soy.

However, Patagonia Bio also plans to base its future production on jatropha, rapeseed, camelina and castor oil plant.

“If this initiative results as expected Patagonia Bio would be the first Argentine company to produce biodiesel based on these alternative raw materials”, Obrador said in Spanish.

The firm is already sowing jatropha, he said.

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By: Cristina Kroll
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