IBI Announces Construction of Second Plant
SAO PAULO, Brazil, Sept. 3 /PRNewswire/ — Integrated Biodiesel Industries, Ltd (IBI) today announced that it has acquired a new biodiesel process unit as part of its second plant in Argentina.
The new plant will have a production capacity of 50,000 metric tons per year and is located in Alvear Industrial Park, on the South of the city of Rosario — the country’s main soybean processing area. The plant is located only 5 km from the closest Parana River’s export terminal.
The new plant will replace the one planned for the Port of Rosario facilities.
The new process unit to be installed in this plant uses a second-generation biodiesel production technology which has no reactors or moving parts.
The technology was jointly developed by IBI and an undisclosed Brazilian supplier. IBI might decide to license the technology at a later date.
“This new process technology is a considerable breakthrough in biodiesel production, totally in line with IBI’s commitment to fast growth through intelligent deployment of its capital expenditures to maximize shareholder value,” says Marcelo Lopes, the company’s Chief Executive Officer.
The new plant will also feature a dry biodiesel purification process and may operate with different vegetable or animal oil feedstocks, although it is planned to run on crude degummed soybean oil only.
The plant area will occupy 500 square meters, which is 20% of what a traditional biodiesel plant would require. The total investment is a little over US$ 1 million, considered a fraction of the amount needed for a plant of such capacity.
“The process intensification technology we use allows for that level of savings in space and capital outlay while improving product quality through a better reaction dynamic,” notes Daniel Goncalves, IBI’s VP of Manufacturing.
The plant will add US$ 65 million per year in revenues to IBI at current biodiesel prices.
About Integrated Biodiesel Industries, Ltd
Integrated Biodiesel Industries, Ltd (IBI) is a biodiesel company with activities in Brazil and Argentina. The company is focused on downstream operations (production and distribution) and developing an international base of end consumers such as truck fleet operators, railway companies and oil-fueled power plants in the USA, its primary market. The company also manufacture chemicals related to biodiesel byproducts or feedstocks.
Website: http://www.biodieselindustries.net/ Email: media@biodieselindustries.net
For all questions regarding this release, please contact Marcelo Lopes at +55 11 3170 3149.
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.
Integrated Biodiesel Industries, Ltd
CONTACT: Marcelo Lopes of Integrated Biodiesel Industries, Ltd,+55 11 3170 3149, media@biodieselindustries.net
Web site: http://www.biodieselindustries.net/