Aug 24, 2012 - Argentine chemicals and agribusiness company Atanor yesterday presented to the industry ministry a project for a biomass boiler at its Concepcion sugar refinery in Tucuman province to replace the natural gas used with sugar cane bagasse.
The project, currently underway, needs over ARS 80 million (USD 17.3m/EUR 13.8m) for its completion, the ministry said in a press release. During a meeting with minister Debora Giorgi, the company was invited to apply for financing from state fund Bicentenario which offers five-year loans with an annual interest rate of 9.9%.
The boiler, due to come on stream for the sugarcane harvest in 2014, will replace old inefficient boilers, reducing the gas consumption. Thus, it will substitute some natural gas imports from Bolivia, the government said.
(ARS 1 = USD 0.217/EUR 0.172)
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