Argentine agro company ADBlick has entered into a partnership with Spanish Blas Proyect to develop some 100-MW of biomass power plants in the Latin American country.
The agreement envisages a USD-300-million (EUR 255.7m) investment to build 10 new biomass power plants, local news agency Telam reported on Monday.
Under the deal, the companies will also start a project to develop crops and, over the next two years, test different types of sorghum to obtain, through genetic selection, the crop that is optimal for energy generation.
ADBlick's business director, Juan Pablo Carrera, explained to Telam that the development of the crops will allow the company to think about better mixes with forest residual biomass or other byproducts. Over the next three year, the plants should be 100% fuelled by such crops.