Email Email Print Print
Clip Clip & File

Business & Economics :: Latest News

November 6, 2007

Plans for biodiesel plant in Argentina

Rebekkah Marshall

Integrated Biodiesel Industries, Ltd (IBI; Sao Paulo) has signed a Letter of Intent with port operator Terminal Puerto Rosario S.A. (TPR) to build a 60,000-m.t./yr biodiesel plant inside its facilities in the city of Rosario, Argentina.

TPR will offer existent infrastructure such as land, storage tanks with 12,0000-cubic meter capacity and loading equipment. The existing berths allow for both barge and vessel operations for unloading vegetable oil and shipping biodiesel. Meanwhile, the port location offers extremely low logistics costs and proximity to local soybean farms.

The total investment is estimated at $3.5 million, which IBI will share with local investors while retaining management and marketing control. Revenues are expected to reach $54-million/yr at current biodiesel prices.

This plant adds to IBI's other developments in the same city including the Diferal plant — where a minority interest has been recently acquired — and another IBI plant set to break ground before the end of the year. A total capacity of 10,000 ton/mo (equivalent of 11.2-million liters of diesel fuel on a monthly basis) will be reached when all three plants are up and running.

Add a Comment


Please enter the letters or numbers you see in the image. (refresh)

Related Stories

LinkedIn Groups

Our LinkedIn group is now over 33,000 members strong!

  1. Join other CPI professionals from all over the globe and share best practices, expertise, concerns and more.
  2. Provide feedback to Chemical Engineering Editors

Current members represent Worley Parsons, DuPont, SABIC, Fluor, Air Products, LyondellBasell, Nalco, Dow Chemical, Dow Corning, BASF, Jacobs Engineering, ExxonMobil, Shell, Chevron and more.

Join Now

We also offer the following subgroup for more targeted discussions:

Search the Buyers' Guide

Plant Cost Index

Facts at Your Fingertips (archive)

Ask the Experts

Back Issues
To access this area, please log in or create an account.
Forgot your password?
Request it now.
Live chat by BoldChat