Dreyfus plans $40m biodiesel facility

In the area of Rosario in Argentina, agricultural company Louis Dreyfus is planning to build a biodiesel plant.

Costing the company $40 million (€28 million), the plant will produce 300,000 tonnes of biodiesel a year from soya oil.

Argentina is one of the largest exporters of soya oil-based biodiesel in the world.

The new facility will be located in the town of General Lagos.

Louis Dreyfus owns and operates another biodiesel production facility close by with a similar capacity to the one currently under development.