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BUSINESS * Argentine - Integrated Biodiesel Industries agree with producer Diferal S.A.
Integrated Biodiesel Industries, Ltd (IBI) has entered into an agreement with Argentinean biodiesel producer Diferal S.A. to buy a minority equity stake in the company and market the total output of its plantSao Paulo,Brazil -BioFuels Journal (Decatur, IL) -Aug 17 2007: -- ... Diferal has built a 32 million liter / year (8.5 million gallons) plant in the city of Rosario. The plant will commence operations in early September... Argentina is the world's third largest soybean producer and Rosario's port is the country's main grain exporter... The Rosario plant's total output is currently 2,100 metric tons per month, with plans to increase to 3,100 metric tons in the near future with a small additional investment... Revenues for 2008 are expected to reach US$ 60 million... Of special interest is Diferal's development in the value-added aviation fuel market. The company has successfully field-tested a mixture of aviation fuels and biodiesel named Biojet, which is currently undergoing further studies... (Photo by Natural Resources Conservation Services, USDA)
Labels: biodiesel
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