Porta Hermanos SA, an Argentine ethanol producer, plans to build a $40 million project in the central city of Leones as the nation seeks to boost the amount of renewable fuel it mixes with regular gasoline.
The 90 million-liter (23.7 million gallons) a year plant will be owned with commodity trader BLD SA, which will organize a supply of corn feedstock for the facility, Jose Porta, president of Porta Hermanos, said today in a telephone interview.
Argentina may double the amount of ethanol it mixes with regular gasoline to cut the nation’s use of fossil fuel, Porta said.
“We could go from 5 to 10 percent in the next four years,” he said.
The company, based in Cordoba, may start operating its first ethanol fuel plant in the city of Rio Cuarto in August, with a similar capacity to the Leones project.
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