by Gabriela Origlia (Dario La Nation/Argentina/Biodiesel Argentina (Google translation))The provincial government provided $ 500 million for 48-month loans, with a six-year grace period and “symbolic” interest. The governor of Córdoba , Juan Schiaretti, launched a plan for $500 million for biodiesel self-consumption plants.
The government of Córdoba established a $500 million fund for economic and financial assistance to those who want to buy biodiesel production plants for self-consumption. The projects that enter will be chosen through a committee.
The announcement was made by Governor Juan Schiaretti, who presented the 100% Biodiesel Self-Consumption Program. “We seek to promote self-production and self-consumption of Biodiesel Córdoba, industrializing regional economies, adding value to raw materials, strengthening production chains and generating employment,” he said.
The program aims to replace fossil fuels with biofuels to produce with energy autonomy. Schiaretti maintains a very active role in the defense of the biofuels sector and is one of those promoting the extension of the fiscal promotion law that has been in force since 2006 and expires on May 12.
So far there is no new project and one possibility is that President Alberto Fernández will extend it, by decree, for less time. If the norm were to be dropped, a significant number of the 54 companies in the country would stop operating.
The biofuels sector awaits the extension of the law that expires next May.
Last November, the Cordovan Legislature approved the Law for the Promotion and Development of the Production and Consumption of Biofuels and Bioenergy. The regulation established that the supply would be strengthened by promoting and facilitating the installation in Córdoba of more plants that transform biomass into bioenergy. Today’s announcement goes along these lines. READ MORE