Argentina seen to boost biodiesel capacity to 4.5m tonnes in 2013 - report
Nov 28, 2011 - Argentina will boost its biodiesel production capacity by nearly 50% to 4.5 million tonnes in 2013, local daily Clarin reported on Saturday, quoting estimates of local biofuel association Carbio.
In 2011, the country is expected to produce around 2.5 million tonnes of biodiesel, of which two million tonnes will be exported, Carbio forecast.
In January-October 2011, the local biodiesel output grew 35.5% year-on-year to two million tonnes, according to Argentine consultancy IES, quoted by Clarin. Biodiesel exports soared 78.7% to USD 1.749 billion (EUR 1.307bn), registering a 24.9% increase in terms of volume. The biodiesel was exported mainly to Spain and Italy.
Currently, Argentina is the fourth largest biodiesel producer and the largest biodiesel exporter.
(USD 1 = EUR 0.747)
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