Following the immense growth of Brazil in the Biofuel sector, its now another South American country- Argentina that has recorded immense growth in recent times. In the recent months Argentina has announced that it will be adding 460,000 tons of additional biodiesel through new plants. The national biodiesel industry of the country has grown by a mammoth 2250 per cent since 2006 and the country will have more than three million tons of capacity installed by the end of the 2011. Argentina has the largest plants in the world with more of the 108,000 tons in capacity on average, compared with 89,000 tons average in Europe and 70.000 tons average in Brazil. Argentina, which is already part of the “club of the millionaires” – countries producing more than a million tons a year, moved from being the fifth largest producer in the world to the fourth largest by the end of 2010.
Though there has been a promising increase in supply of biofuels, it is anticipated that by the end of 2011 there will be a demand of 3.25 million tons for biodiesel, which will exceed the supply available, creating a need for major investment in new biodiesel plants world over.
More info – The Argentine renewable energy body, CAMARA
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Actually saying, US Countries have started to putting more focus on new emerging ideas, though they are large consumers of oil and power., (overall energy), they are getting huge opportunities and subsidies to grow their business opportunity,
Check out : Green Ideas, 2010