AE Biofuels Announces Plans to Construct a 75 Million Gallon Argentina Biodiesel Plant With DS Group

by Dave

A cargo boat on the Paraná River, Argentina, just coming under the Rosario-Victoria Bridge that crosses the river from Rosario, province of Santa Fe, to Victoria, Entre R�os.

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AE Biofuels, Inc., (OTCBB: AEBF) a vertically integrated biofuels company, today announced that it has signed a joint development agreement with DS Development, a subsidiary of DS Group, to build, own and operate a 75 million gallon per year production biodiesel plant near Rosario, Argentina. Soy oil will be the primary feedstock as Argentina is one of the world’s largest producers and exporters of soy oil. Construction of the biodiesel plant is subject to obtaining necessary project financing.

The biodiesel facility will be built by De Smet Engineers & Contractors, a recognized global leader in the construction of biodiesel plants. Technology and engineering will be provided by Desmet Ballestra, which has operated in Argentina for 28 years. Desmet Ballestra is also the technology partner for AE Biofuels’ current palm oil and glycerin refining projects and 50 million gallon biodiesel plant in Kakinada, India.