Argentina - Economy And Business - Biofuels

The development of biofuels is already a worldwide reality, and Argentina is directed to join in as an important performer of this market. The country has the potential to become one of the major world manufacturers, especially in BioDiesel, with estimated investments of one thousand million dollars in this sector until 2010.

BioDiesel is the renewable fuel with the strongest development potential, giving land and oil industry another possibility of commercialization and diversification of production. BioEtanol can substitute oil, what has already been put into practice in Brazil with reed alcohol and in the USA with corn alcohol. It allows you to replace additives used at present that cause environmental pollution and which affect health. And BioGas, which comes from the fermentation of certain wastes, is another alternative of the energetic matrix of the country.