Argentina's Cordoba province seen to double biodiesel output next 2 years
(ADPnews) - Nov 11, 2010 - Argentina's central Cordoba province will double its biodiesel output in the next two years with the construction of 10 more biodiesel plants, local biofuel chamber Camara de Biocomustible de Cordoba forecast in a report published earlier this week.
Cordoba, which is Argentina's main soy-producing province, has only nine biodiesel plants now, which produce 520 tonnes per day, equal to 9% of Argentina's biodiesel production, the chamber said.
The new projects will be stimulated by the biodiesel sales in 2010 and the potential of Cordoba to produce more soy-based biodiesel, it added.
According to the report, the average investment per plant will stand at ARS 3.7 million (USD 933,700/EUR 676,700), while the investors will be local soy producers.
(ARS 1.0 = USD 0.252/EUR 0.183)