Cargill invests in Argentina
In South America, Cargill Argentina, the Argentinean-based business of biofuels distributor Cargill, is looking to expand its biodiesel output in the region.
The company recently invested $112 million (€87.2 million) in the construction of a 72mgy biodiesel production plant in the Santa Fe province of Argentina. The refinery, which will process 13,000 tonnes of soyabeans a day, will be built adjacent to a port terminal already owned by Cargill.
Cargill is also developing a cogeneration plant for the production of 18MW of renewable energy a year. Both this and the biodiesel plant are due to become operational in the Q3 of next year.
Commenting on the investment the president of Cargill Argentina Hugo Krajnc said: ‘Both projects clearly ratify Cargill’s confidence in the potential of the Argentine agribusiness industry and the role of our country in the international trade, demonstrated by over $500 million of investments made by Cargill in the period 2004 to 2009, through the building of new processing plants and ports as well as joint ventures with highly renowned local enterprises, all of these focused on adding value to the national agribusiness production thus improving Argentina’s competitiveness in the international market.’
Cargill already employs around 4,000 workers across 50 areas within Argentina.
The company recently invested $112 million (€87.2 million) in the construction of a 72mgy biodiesel production plant in the Santa Fe province of Argentina. The refinery, which will process 13,000 tonnes of soyabeans a day, will be built adjacent to a port terminal already owned by Cargill.
Cargill is also developing a cogeneration plant for the production of 18MW of renewable energy a year. Both this and the biodiesel plant are due to become operational in the Q3 of next year.
Commenting on the investment the president of Cargill Argentina Hugo Krajnc said: ‘Both projects clearly ratify Cargill’s confidence in the potential of the Argentine agribusiness industry and the role of our country in the international trade, demonstrated by over $500 million of investments made by Cargill in the period 2004 to 2009, through the building of new processing plants and ports as well as joint ventures with highly renowned local enterprises, all of these focused on adding value to the national agribusiness production thus improving Argentina’s competitiveness in the international market.’
Cargill already employs around 4,000 workers across 50 areas within Argentina.
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