• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 38 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days If hydrogen is the answer, you're asking the wrong question
  • 12 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Oil Prices Gain 2% on Tightening Supply

Argentina’s Biofuel Industry Sets New Records for 2011

Argentinean biofuel production, domestic consumption and exports all set new records in the second quarter of 2011.
 
During the second quarter of 2011 Argentinean biofuel production averaged 209,486 tons per month, up 38 percent from the same period in 2010 as production over the period peaked at 219,000 tons in June, setting a new record, Argentina’s el Instituto Nacional de Estadística y Censos (National Institute of Statistics and Censuses) reported.
 
A major component of the production increase is related to rising domestic consumption, which reached consecutive record highs of over 66,000 tons during both May and June.
 
Argentina’s biodiesel industry expanded not only because of favorable conditions for growing soybeans, but also because of a new government B7 blending mandate, which requires fuel to be 7 percent biodiesel and 93 percent diesel, leading Argentinean biodiesel producers to heavily increase their investment in facilities to increase production.
 
Argentina is currently the world's eighth biggest biodiesel producer in terms of capacity, and second only to Brazil in Latin America. Last year global biofuels production increased 17 percent to reach a record high of 105 billion liters, up from 90 billion liters in 2009.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News