Ledesma lends to Argentinean ethanol

In Argentina, Ledesma has announced it will invest $37 million (€25.8 million) to produce ethanol from sugarcane.

The sum will enhance sugarcane cultivation, expand a distillery, and install a dehydrator to produce ethanol for the Argentine market.

The initiative is part of the $222 million investment package planned by the agro-industrial complex for 2008-2011.