Louis Dreyfus to double biodiesel capacity in Argentina

14 July 2011 20:07  [Source: ICIS news]

BUENOS AIRES (ICIS)--Louis Dreyfus Commodities (LDC) will double its biodiesel nameplate capacity in Argentina by building a facility in General Lagos, Santa Fe province, a company spokesman said on Thursday.

“The investment for this project will be $40m [€29m],” said Luis Zubizarreta, head of communications for Dreyfus.

The plant will have nameplate capacity of 300,000 tonnes/year and will begin operations in March, 2012.

France-based Dreyfus has operated a similar facility in Santa Fe province since 2008.

With the new plant, the company said it will have a nameplate capacity of 600,000 tonnes/year and will become the largest local producer.

This production will be destined to the domestic market as well as for exports, especially to the European market.

($1 = €0.71)

By: Cristina Kroll
+1 713 525 2653

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