29 March 2011 18:12 [Source: ICIS news]
BUENOS AIRES (ICIS)--The main challenge to develop the Argentine biofuels industry is to become attractive for foreign investors through long-term policies, an industry source said on Tuesday at the Clean Energy Congress Argentina 2011 conference.
“Only through measures that allow the biofuels industry to plan for a long-term development, ?xml:namespace>
According to CADER’s statistics,
“This situation is currently changing, since investment returns are in descent in
According to the chamber,
“And [it] is not a minor detail that Argentina has showed this important growth in production without enjoying some of the advantages the main biofuels producing countries have, such as easy access to financing, investments from venture capitals, among others,” said St James.
On the status of the internal biofuels market, St James stressed that local producers will benefit from the government’s decision to unfreeze local fuel prices.
“Since the international price for soybean was rising while local fuel prices were frozen, local biofuels producers were selling biodiesel at a loss in the internal market. Now these conditions will probably change,” said St James.
The Clean Energy Congress Argentina 2011 takes place in
($1 = €0.71)
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