Uruguayan millionaire investment companies to produce biofuel

Posted on March 30, 2011 • Filed under: Agriculture, Business, Uruguay

The state-run ALUR Uruguayan company invested 100 million dollars to produce biofuel, animal feed and electric power, today outlined a statistical summary of the entity. Based on sugar cane crops, sorghum, sunflower, canola and soybeans, ethanol and biodiesel produced ALUR with the aim of the Ancap oil, the majority shareholder, to comply with the percentage allowed to mix gasoline and diesel, the source said. Read Article

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