BASF to build sodium methylate plant in Argentina
German chemical giant BASF said Thursday that it will build a plant in Argentina to produce sodium methylate, used to make biodiesel fuel.
BASF chose Rosario, east of Buenos Aires, as the site for the new facility, but a spokeswoman declined to reveal financial details of the investment.
The plant is to have an annual production capacity of some 60,000 metric tonnes, and comes in addition to the group's sodium methylate plant in Guaratingueta, Brazil.
That site is to begin production at the end of this year and the spokeswoman said it would cost more than 10 million euros ($13.8 million).
A statement quoted the group's head of South American operations, Alfred Hackenberger, as saying: "The construction of another plant underlines the importance of biodiesel as well as BASF's commitment to this market and the South America region."
© 2011 AFP