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Export Agreement to Benefit Argentina's Biodiesel Industry, an Industrial Info Market Brief

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Industry Segment: Alternative Fuel | Word Count: 66 Words

A planned grassroot biodiesel plant in Diamante, Entre Rios, Argentina, to be operated by Sociedad Agroindustrial Nutrioil SA, got a boost when the European Commission and the Argentine government reached an agreement that would revive Argentina's exports of biodiesel to EU countries. The Diamante investment, which also includes a port and soy oil unit, would benefit from the potential sale of up to 1.2 million tons per year of biodiesel by Argentina to the EU. Other biodiesel producers in Argentina, such as Cargill, Cofco Agri International, Renova and Louis Dreyfus Commodities, also stand to benefit from the trade agreement.

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