Argentina ascends to biodiesel bronze
Argentina has become the world's third largest biodiesel producer for 2008, tripling its capacity from 2007.
On 15 October, the Argentine Renewable Energies Chamber released a summary of its first full analysis of the Argentine biodiesel market, which includes a list of producers, analysis of present and future capacity, as well as recommendations.
The Outlook for the Argentine Biodiesel Market states that Argentina will produce more than 10% of the world's biodiesel in 2008 making it the third largest world producer with sales in excess of $1.5 billion (1.16 billion Euros).
'However, to guarantee the industry's full potential in Argentina, and establish itself along with Brazil as a biofuels powerhouse, the industry needs to be nurtured and protected far more than has been done thus far,' Carlos St. James, president of the Buenos Aires-based organisation, comments.
In 2008 only Europe and the US produce more biodiesel than Argentina the report states. The total installed biodiesel plant capacity in Argentina will grow 150% from 2007 to 2008, the report states, with similar growth expected during 2009.
New production capacity will increase 840,000 tonnes (251 million gallons) in 2008 to a record total of 1.4 million tonnes (419 million gallons) from 18 commercial biodiesel facilities averaging 83,000 tonnes a year (25 million gallons a year). The number of plants is expected to nearly double to 34 by the end of 2009.
A B5 mandate which will begin in 2010 is expected to create a domestic market for 625,000 tonnes (187 million gallons) a year.
On 15 October, the Argentine Renewable Energies Chamber released a summary of its first full analysis of the Argentine biodiesel market, which includes a list of producers, analysis of present and future capacity, as well as recommendations.
The Outlook for the Argentine Biodiesel Market states that Argentina will produce more than 10% of the world's biodiesel in 2008 making it the third largest world producer with sales in excess of $1.5 billion (1.16 billion Euros).
'However, to guarantee the industry's full potential in Argentina, and establish itself along with Brazil as a biofuels powerhouse, the industry needs to be nurtured and protected far more than has been done thus far,' Carlos St. James, president of the Buenos Aires-based organisation, comments.
In 2008 only Europe and the US produce more biodiesel than Argentina the report states. The total installed biodiesel plant capacity in Argentina will grow 150% from 2007 to 2008, the report states, with similar growth expected during 2009.
New production capacity will increase 840,000 tonnes (251 million gallons) in 2008 to a record total of 1.4 million tonnes (419 million gallons) from 18 commercial biodiesel facilities averaging 83,000 tonnes a year (25 million gallons a year). The number of plants is expected to nearly double to 34 by the end of 2009.
A B5 mandate which will begin in 2010 is expected to create a domestic market for 625,000 tonnes (187 million gallons) a year.
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