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)
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