Bloomberg News

Porta Hermanos Plans $40 Million Argentina Corn Ethanol Project

April 13, 2012

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.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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