Oleochemicals and logistics company Cremer Óleo Paraguay has been given the go-ahead to export biodiesel to Europe and the USA, Biofuels Digest reported.
The company would be allowed to export biofuel after gaining US Environmental Protection Agency (EPA) and International Sustainability & Carbon Certification (ISCC) certification, the 10 July report said.
Involving an investment of US$13M in its initial stages -later increasing to around US$30M – Cremer Óleo’s plant in Villeta produces 112M litres/year of biofuels from soyabean oil, according to the report. The plant also produces crude glycerine as a by-product of the production process.
In the second phase of development, the company planned to double capacity, Biofuels Digest wrote.
“Until now, Paraguay’s soyabean oil was entirely exported, while 100% of the country’s fuel was imported. The new plant will help reduce this dependence on fossil fuels, while making a valuable contribution to the country’s industrialisation and sustainability efforts,” Cremer Óleo director general Alejandro F Basualdo said in a statement on the company’s website.
“The biodiesel sector in Paraguay is a virgin market with enormous potential. Our benchmark was the local ethanol success story. It started with a mandatory blending mandate of 3% and today, thanks to the investments made and clear regulations, it has reached 27.5%.”
Cremer Óleo is part of global trading, logistics and manufacturing company the Cremer group.
