Fernández signs biofuels law resolutions
Tuesday, Nov 18, 2008
Argentina's President Cristina Fernández has signed five resolutions to implement biofuels use law 26.093 which calls for an obligatory ethanol admixture of 5% starting in 2010.
The resolutions also regulate quality, quotas and pricing, among other aspects, the government said in a statement. The provinces of Tucumán, Salta and Jujuy are the country's principal sugarcane producers.
Tucumán produces 135Ml/y of alcohol of the 170Ml/y produced in the country, the provincial government said in a statement following the signing of the resolutions. An estimated 300Ml/y will be needed to meet the 5% blend.
Planning minister Julio de Vido said the ethanol program will require over US$500mn in investment.
Source: Bnamericas
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