Chemical giant BASF said on March 3 that its new plant in Argentina will produce sodium methylate which is used to make biodiesel fuel.
The plant, located in Rosario, east of Buenos Aires, will have an annual production capacity of 60,000 metric tons, and comes in addition to the group's sodium methylate plant in Guaratingueta, Brazil.
That site is to begin production at the end of this year and the spokeswoman said it would cost more than 10 million euros ($13.8 million).
"The construction of another plant underlines the importance of biodiesel as well as BASF's commitment to this market and the South America region," said Alfred Hackenberger,group's head of South American operations.
Copyright Agence France-Presse, 2011
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