New biodiesel mandates in Argentina will require increasing the biodiesel content in commercial diesel blends from 5 to 7%. Blends of up to 20% are envisioned for larger engines such as those used in agricultural machinery.
According to this article Molinos Rio de la Plata and other partners in Renova will invest 350 M to build a soybean processing plant and port in Timbúes, Santa Fe, Argentina.
Renova's current biodiesel capacity is 480.000 ton. Perez-Companc's company Molinos Rio de la Plata already operates a biodiesel plant with 120.000 ton capacity in Santa Clara, near Rosario.
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