eNews from Monday, August 13, 2007

Colombian Government to Invest US$10M in Biofuel Projects

BNamericas.com -- August 10, 2007 -- Colombia's agriculture ministry will invest 20bn pesos (US$10mn) in at least five new ethanol and biodiesel projects within the next four years, state news agency SNE quoted minister Andrés Felipe Arias as saying.

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Nearly 40Mha of land are available to produce biofuel crops including palm, sugarcane and yucca without endangering the country's food supply, said Arias.

Colombia produces 1.1Ml/d of ethanol, making it the second-largest producer of the biofuel in Latin America behind Brazil.

The country produces 170,000l/d of biodiesel from African palm and aims to raise its capacity to 800,000l/d by the end of the year.

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eNews from Monday, August 13, 2007

Colombian Government to Invest US$10M in Biofuel Projects

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