02 August 2012 21:24 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--ICM has signed a contract with Argentina’s ACA Bio to design a dry-mill corn ethanol plant in the central Argentine province of Cordoba, the Kansas-based biotechnology company said on Thursday.
The plant will have a 40m gal/year (151m litres/year) production capacity destined primarily for the domestic market, ICM said.
The plant is expected to be completed in the first quarter of 2014, the company said.
"As the process design and technology company that has provided engineering, construction and operational services for 102 ethanol plants in North America, ICM is excited to expand into South America,” said ICM director Kevin Endres.
“We value the opportunity to collaborate with ACA Bio and continue to expand our global business strategy in the Americas and beyond,” he added.
According to a report published in July by the Global Agricultural Information Network (GAIN), the Argentine biofuels sector continues to expand as a result of its strong competitiveness.
The GAIN report stated that until 2012, all ethanol for fuel in Argentina was produced by the local sugar industry.However, five new plants using grains are expected to come on line during 2012-13, increasing bioethanol production capacity to 720m litres by the end of 2013.
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