INVESTMENT OPPORTUNITIES
Biofuels in Argentina
Natural resources + Knowledge to meet
global market needs
Highlights
>> TAKING ON A GLOBAL OPPORTUNITY
Strong economic, environmental and geopolitical drivers are shaping the
biofuels industry into a fast-growing global market. Growth over recent
years and projections of a continued uptrend in growth provide significant
opportunities for companies operating in countries like Argentina with the
greatest potential to be global biofuel suppliers.
>> A PREDICTABLE DEMAND FOR COMPETITIVE EXPORTERS
The targets set for biofuel use in major industrialized countries create a
predictable demand for biodiesel and ethanol, which will spur global biofuel
trade. Based on the current production and projected export growth, Argentina
is positioned to become a key biofuel supplier in world markets.
>> BOOMING DOMESTIC PRODUCTION CAPACITY
Due to significant investments in this highly dynamic sector, Argentina’s
annual production capacity is set to reach 3.1 billion liters of biodiesel and
approximately 1 billion liters of ethanol by 2010.
>> ARGENTINA’S OUSTANDING MIX OF RESOURCES
Argentina’s competitive advantage is built on a foundation of abundant worldclass agricultural commodities, qualified human resources and existing industrial
capabilities. As world leaders of soybean oil exports, Argentine companies
have relied on soybean oil as the main feedstock for biodiesel production. The
country’s sugar industry has the growth potential to serve as a platform for
bioethanol production.
>> COMMITTED PUBLIC AND PRIVATE SECTOR
Argentina has already passed a law mandating biofuel mixes for 2010 and has
established a number of incentives for the biofuels industry. However, keeping
pace with new developments in the biofuel industry will require a joint R&D
effort between the public and private sectors in the context of a regulatory
framework that presents players with a set of comprehensive incentives and
gives the industry the necessary predictability.
I. Why Invest in Biofuels in Argentina?
• ARGENTINE BIODIESEL. Today Argentina is the fourth
largest producer of biodiesel after the E.U., U.S. and
Brazil, and its production capacity is expected to increase
300% in the next three years. Most of Argentina’s
biodiesel is currently exported to foreign markets.
• ARGENTINE BIOETHANOL. Ethanol accounts for
the largest share of global biofuels production. With
significant investments in the works, Argentina’s fast
growing ethanol industry is gearing up to reach almost 1
billion liters of production capacity by 2010.
• OUTSTANDING RESOURCES. A unique combination of
factors—natural resources, human capital and industry
infrastructure—are the pillars of Argentina’s current
and projected performance. Its vast extensions of
suitable land for agricultural production generate a
comparative advantage based upon the production of
• MARKET DRIVERS. The global biofuels markets of
diverse crops used as feedstock (mainly soybean, corn
ethanol and biodiesel are thriving. An insufficient
and sugarcane) and the potential to develop non-food
supply of fossil fuels, environmental concerns and world
alternative feedstocks. Well-established vegetable oil and
governments’ pursuit to ensure energy security highlight
sugar industries offer the necessary support to expand
the importance of biofuels as an alternative energy
Argentina’s biofuels industry, transforming the country
source. Production has tripled over the past 10 years
in a leading world supplier.
and 12% annual market growth is expected for the next
decade. Argentina has become one of the leading nations
• FUTURE DEVELOPMENTS. The drive towards increased
in biofuels production by successfully leveraging its large
efficiency, the development of second generation
endowment of high-quality natural and human resources
technologies and more efficient non-food feedstock will
and existing industrial capabilities.
accelerate the industry’s dynamics and open up business
opportunities to developers, farmers, feedstock providers
• FORESEEABLE PROFITS IN GLOBAL BIOFUELS TRADE. A
and investors. Among global leaders in the application of
large number of countries have set targets for biofuel use
technology to agriculture, Argentina has great potential
that will create a demand that exceeds their production
to benefit from current trends in the biofuels industry.
capabilities, thus spurring global biofuels trade. While
production is currently concentrated in the United
a concerted effort to increase public and private R&D
demand for biofuels presents attractive opportunities
in order to stay at the forefront of global industry
for countries like Argentina with the key attributes
developments. In order to encourage a forward looking
for biofuel production to consolidate a position in the
mindset within the industry, the government’s challenge
market. Considering the wealth of industry-specific
is to develop the appropriate regulatory framework
resources, the most significant increases in biofuel
capable of addressing current needs while adapting to
production over the next decade are expected in the E.U.,
future circumstances.
Brazil, Argentina and Canada. Argentina’s position in
Mercosur and its strategic alliance with Brazil opens an
attractive regional biofuels’ market.
• MAIN CHALLENGES. Argentina will have to encourage
States, Brazil and the European Union, the increasing
II. Sector Structure and Performance
Almost 50 biofuels companies are currently operating in
made for biofuel investments to the tune of US$800
Argentina. Leveraging its soybean oil production capacity,
million. Among these are the joint investment of Enarsa,
Argentina is mainly a biodiesel producer. Although
Green Fuel, Noble Group (China) and Raiser to invest
Argentina has developed a significant ethanol production
US$190 million to build a soy mill and biofuel production
capacity, the production for fuel use is only beginning to
facility.
emerge. Both biofuels segments exhibit a dynamic behavior
in production and exports, and major investments have been
Economies of scale. Currently, small plants are mainly
geared towards supplying global markets.
geared towards self-consumption. However, the average
production capacity of the new plants (140,000 m 3) will
BIODIESEL INDUSTRY STRUCTURE
be almost six times larger than that of the existing ones
(24,000 m 3) marking a domestic trend towards projects
A strong and integrated domestic industry.
with clear commercial purpose and a competitive scale.
The Argentine biodiesel industry is mainly based on
While today there are only two plants with an annual
the use of soybean as feedstock. There are 31 companies
capacity of over 100,000 m 3 of biodiesel, by 2010 there
currently producing biodiesel with an estimated annual
will be over 13.
production capacity of over 745 million liters. Production
is geographically concentrated in the provinces of Buenos
ETHANOL INDUSTRY STRUCTURE
Aires and Santa Fe. Almost all major players in Argentina’s
vegetable oil industry own or are constructing biodiesel
Emerging production. Ethanol production in Argentina
plants. The two largest plants belong to large vegetable oil
is concentrated in sugar mills in the northwestern part
crushers and account for two thirds of current domestic
of the country. Overall 17 firms with 23 mills are actively
production capacity (Renova with 260,000 annual m and
producing ethanol. However, the ethanol produced by
Ecofuel with 230,000 annual m 3). Total investment in
these firms is not exclusively destined for fuel usage. In
existing plants has been estimated at US$110 million.
2006, the firm Los Balcanes inaugurated the country’s
3
largest ethanol distillery in the province of Tucumán (La
Expanding production capacity. Eight more biodiesel
Florida) with a productive capacity of 100,000 m 3 of sugar
plants are currently under construction with a projected
cane-based ethanol aimed to supply both the domestic and
total annual capacity of 1,577,000 m 3 , and plans to build
export markets. Other relevant sugar mills are the ones
nine more production facilities –adding 809,000 m – have
located in Ledesma (30,000 m 3) in the Province of Jujuy,
been announced. In 2007 alone, announcements were
Concepción (27,000 m 3), La Providencia (13,000 m 3) and La
3
Trinidad (12,000 m 3) in the Province of Tucumán, and the
Biodiesel production in 2008 is forecast to surpass 800
San Martín de Tabacal mill (17,000 m ) in the Province of
million liters, four times greater than production output
Salta, among others.
estimates for 2007. Remarkably, production capacity is
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estimated to increase 300%, reaching 3.1 billion liters
Alternative feedstocks. Although today local
by the end of 2010, when all investments–underway and
ethanol production is based on sugarcane as feedstock,
announced–should be completed. With an estimated
future production shows promising potential based
production cost of under US$0.50 per liter, local
on Argentina´s corn production capacity in addition
production is very competitive in the international market,
to sugarcane. There are several proposals for plants
compared to US$0.50 in the E.U. and US$0.61 in the U.S..
producing ethanol from corn or sorghum, however none
Export performance. In 2007, biodiesel exports
are currently under construction.
–accounting for 75% of total sales- reached US$133 million.
Over 75% was exported to the U.S., and practically 24% to
BIODIESEL SECTOR PERFORMANCE
the E.U. Three plants concentrate 90% of exports (Ecofuel,
Renova, and Vicentín). During the first quarter of 2008,
Export potential. Biodiesel production in Argentina
exports have already exceeded the level of the entire
is primarily geared towards exports –particularly that
previous year, with a value of over US$190 million (85%
of the largest plants-. Projections for biodiesel global
exported to the U.S.).
production anticipate a 70% increase between 2008 and
2010 and it is expected that Argentina will rank among the
top five producing countries, accounting for 7.2% of total
ETHANOL SECTOR PERFORMANCE
production. The five largest biodiesel producing countries
will concentrate 56% of global production.
Ethanol production. Although ethanol production for
Domestic potential. Argentina has a significant
fuel usage is taking its first steps in Argentina, the country
domestic demand for diesel, which accounts for the largest
already has a well developed ethanol production capacity.
percentage of petroleum demand (66%). Additionally,
In 2007, 200 million liters of sugar cane-based ethanol
diesel consumption for the year 2015 is estimated to
were produced in Argentina and total ethanol production
grow 40% from 2005 levels. Since biodiesel easily
capacity is projected to rise to approximately one billion
replaces diesel, a growing domestic demand coupled
liters per year by 2010. Approximately 60% of production
with mandatory biofuel mixes is expected to play an
(US$57 million in 2007) is geared towards the domestic
increasingly important role as a production driver.
market, for use mainly in the beverage, agricultural
chemicals and pharmaceutical industries. The remaining
Production performance. Biodiesel production,
40% (US$38 million) is exported for purposes other than
exports and local consumption have steadily risen.
fuel usage. Production is led by Atanor, Los Balcanes, and
Ledesma. The average yield per hectare of sugar cane-
Five Main Biodiesel Producers by 2010: Share in Total Production
U.S.
14.3%
Germany
12.0%
France
11.6%
based ethanol is of 4,875 liters, above the yields offered by
corn-based ethanol (3,000 liters/ha.) or sorghum-based
ethanol (2,000 liters/ha).
Projected investments. Recent investment
announcements will add over 500,000 m 3 of additional
ethanol production capacity in the coming years. Some
Brazil
11.1%
Argentina
7.2%
Sources: World Ethanol and Biofuels Report
of the major projects are those announced by Adecoagro
(175,000 m 3), Arcor (87,000 m 3), San José (87,000 m 3), and
Bioetanol Río Cuarto (48,000 m 3).
III. Foundation for Success
An abundance of high quality natural resources, efficiency
in agricultural production, advanced application of
agricultural biotechnology and a developed vegetable oil
CASE STUDY
industry are the pillars supporting the substantial growth
BIODIESEL DEL PLATA
potential of Argentina’s biofuels production.
NATURAL RESOURCES
An innovative domestic firm developing
environmentally sustainable projects
Naturally rich. Argentina has vast extensions of suitable
Biodiesel del Plata is a Biofuels company operating in
land for agricultural production, some 32 million hectares
Argentina since 2005. The company is known for its
of arable land. This generates comparative advantages
ability to innovate and for developing environmentally
related to the production of diversified crops used as
sustainable projects with no effluents and no
feedstocks for biofuels (i.e. soybean, corn, sugarcane) and
environmental impact.
to the development of other non-food alternatives.
Over the past years, the company developed a
Agricultural productivity. As a result of the
business model for Biodiesel Refineries that was
combination of its natural wealth and human resources,
new in the Argentine market and allowed for the
Argentina has experienced an agricultural revolution over
processing of ungummed crude oil, used oil and
the last 10 years, increasing to a maximum the productivity
animal fats. The firm established the first production
levels of its main crops. This in turn has allowed the
location in South America to achieve Biodiesel
country to reach record levels of agricultural production
production using the Rohm and Haas ion exchange
year after year. Today, Argentina enjoys the world’s highest
system and to incorporate in all its production centers
productivity figures in the production of soybean, corn and
refineries of crude glycerol into industrial glycerin
their derivatives.
with a purity level of over 85% in order to increase the
project’s economic sustainability. This resulted in the
completion of two projects in 2007: Agroindustrias
Tejedor SA in San Lorenzo (produces 5,000 tons
a month) and Ricard Set Energías Renovables SA
Grain and Oilseed Production
(Millions of Tons)
0
Grains
(produces 1,000 tons a month).
The high skill level achieved by the firm’s employees
Oilseeds
in Argentina has resulted in the constant search
Millions of tons
0
and development of new technologies for biodiesel
0
production. In this context, the company is developing
0
technologies (currently being patented) to convert
industrial waste into biofuels. Its aim is to take
0
advantage of the resulting know-how to export this
10
0
model worldwide, and become the leader in the
000/01
Source: SAGPyA.
001/0
00/0
00/0
00/0
00/0
00/0
00/0
biofuels industry in Argentina over 2008-2009.
RELATED INDUSTRIES
RESEARCH AND DEVELOPMENT
Soybean oil industry. Argentina is one of the top
Research areas. Currently, several programs are
three soybean and soybean oil producers in the world.
focusing on developing new technologies which would
The country has 47 soybean oil producing plants with a
rely on alternative feedstocks. Public universities, official
combined daily crushing capacity of over 100,000 tons.
entities and the private sector are simultaneously working
These plants are mainly concentrated in the Rosario
on a number of different projects. Some of these programs
area (province of Santa Fe) in the heart of the soybean
are based on the use of jathropa, algae, and castor oil plant.
producing area in Argentina. The combination of high
Research is also being conducted on feedstock which
production and low domestic consumption makes
can be produced in areas not suited for agriculture and
Argentina the world’s leading soybean oil exporter, and
which do not compete with food productions. Even when
is expected to maintain this position in the foreseeable
a large proportion of biofuel production is derived from
future. Over 90% of soybean oil production is exported to
traditional crops, these alternatives can offer better yields.
major markets such as China and India.
Castor oil can provide 1,290 liters of biodiesel per hectare
and rapeseed would produce 929 liters per hectare, in
Sugar industry. Mainly due to productivity
comparison to the 906 and 502 liters per hectare for
improvements, the Argentine sugar industry has
sunflower and soybean, respectively (SAGPyA).
significantly expanded in the past years. Investments
during the last decades in the construction of new sugar
mills and in the technological upgrading of existing ones
REGIONAL COMPLEMENTARITIES
resulted in record-high production levels. While currently
geared mainly towards domestic demand, the sector’s
Mercosur. From a regional perspective, the development
effort to increase production has resulted in an improved
of biofuels positions Mercosur as a strategic region in the
export performance. During the 2002-2006 period
world, with a wide range of supply options. Argentina’s
production expanded by 47%, while exports increased by
supply complements that of Brazil, the leading producer
more than 160%. In 2006, sugar production reached a peak
of sugar cane-based bioethanol. This broad-based supply
of 2.4 million tons; exports accounted for approximately
across the region potentiates the complementary capacities
30% of this volume.
between countries and, above all, the common interests
surrounding this issue, as well as fosters favorable
conditions for a move in the direction of an aligned and
LOCAL SKILLS AND TALENT
coordinated development of biofuels on a Mercosur scale.
Industry expertise. Biofuels production in Argentina is
driven by a combination of natural resources advantages,
INDUSTRY NETWORKING
small investment requirements and the availability of
highly-qualified resources and professionals specialized
Public-private cooperation. Argentina´s biofuels
in engineering and biotechnology. This production
law states that the regulating authority will encourage
generates a technologically coherent and environmentally
cooperative agreements between the public and private
sustainable opportunity that has begun to emerge.
sectors to promote and encourage the development of
Argentina is capable of becoming a relevant player in
production technology and the use of biofuels. In late
biofuels production but also on the production and
2006, the Argentine government created the Forum of
design of biofuels plants and solutions. Some Argentine
Energy Feedstock to coordinate research and development
companies are already gaining presence in Latin America
projects together with the private sector.
and the U.S., offering knowledge and expertise in the
production of biofuels.
CASE STUDY
ePlus: worldwide supplier for renewable energy solutions
ePlus is a local company focused on biodiesel
professionals, the company was ready to produce a
project rollout, engulfing all the possible production
major breakthrough: Argentina’s first soybean based
steps from the oil extraction process to the refining
biodiesel production plant of industrial scale. In 2007,
of the final fuel, including all the complementary
in light of the growing market and the permanent
services for a turn-key solution. The company’s
R&D requirements, ePlus formed an alliance with
turn-key models include crushing facilities (chemical
Grupo de Ingeniería Aplicada (GIA). GIA’s core group
and mechanical), oil-based biodiesel production
undertook several projects in the U.S., Argentina
plants (transesterification reaction phase) and fully
and other Latin American countries in the areas of
integrated plants adaptable to a wide variety of
oleochemichals, soaps and detergents and glycerin,
crops (soybean, sunflower, canola, safflower) and
becoming an industry leader working with high-tech
animal fats.
proprietary designs. After several projects in the
local market, and export experience to neighboring
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The company started in May 2003 as a project
countries, the company has recently exported a turn-
supported by Don Mario Semillas, a renowned
key plant to the U.S. that consists of an integrated
agribusiness leader in the local soybean market
soybean-based biodiesel plant with an annual
since 1980. After gathering a team of experienced
capacity to process 23,000 tons of soybean oil.
IV. Policy Initiatives
REGULATORY FRAMEWORK
Incentives. Argentina’s government has identified early
– Early reimbursement of Value Added Tax and/or
on that the country faces an extraordinary opportunity
accelerated depreciation allowance for capital goods and
for the development of biofuels and has provided an
infrastructure
initial regulatory framework to specifically promote this
– Exemption on the Assumed Minimum Income Tax for
industry. In April 2006 a national law for the promotion of
the first three years
biofuels was enacted, mandating a blend of 5% of biodiesel
– Exemption on hydro infrastructure and fuels tax
for diesel fuels and 5% of bioethanol for gasoline as of
2010. Argentina’s biofuels law will create an annual captive
demand of approximately 700,000 m3 of biodiesel and
Export regulations. Biodiesel exports are taxed at
roughly 243,000 m3 of bioethanol.
20% and receive an export rebate of 2.5%. Ethanol exports
are taxed at 5% and receive a 4.05% rebate. There are no
By passing this law, Argentina has joined a group of
quantity restrictions on exports.
pioneering countries that are advancing towards a greater
institutionalization of the sector, thereby stimulating
domestic production on the one hand and creating an
internal market on the other. At the same time, investors
can enjoy other fiscal incentives including:
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V. Main Challenges
Industry players and government agencies face key
challenges to sustain growth and consolidate the sector’s
competitiveness. In themselves, these challenges present
attractive opportunities for the industry and Argentina.
• Balancing the drive from domestic and
international demand: in order to maximize its
potential, the biofuels sector will have to increase
production to meet domestic mandatory biofuel mixes
while positioning the country as a major global biofuel
supplier.
• Increasing sector-specific qualified human
resources: anticipating the demand for human
resources will require joint public-private planning
and investment efforts in order to identify and address
industry-specific needs.
• Consolidating Argentina’s position as a leader
in the technological development of biofuels:
to keep astride of future industry developments and
become an active leader in the movement towards second
generation biofuels the sector will need to fully capitalize
on past experience and increase its R&D capacity.
• Set the regulatory groundwork for future
developments: a key factor of success will be the
regulatory framework to provide major stakeholders
with a set of comprehensive incentives, and supply the
sector with the necessary predictability as well as agility
to adapt to new developments and challenges.
OUR CHALLENGES ARE YOUR OPPORTUNITIES.
SOURCES: The trends, data and figures included in this material were
elaborated by ProsperAr on the basis of: Argentine National Institute of
Statistics and Census; Argentine Secretariat for Agriculture, Livestock, Fishing and Food; J. Schvarzer, “Global Agricultural Supply and Demand: Factors
Contributing to the Recent Increase in Food Commodity Prices”, Working
Document, Universidad de Buenos Aires, December 2007; J. Schvarzer and
A. Tavosnanska, “Biocombustibles: expansión de una industria naciente y
posibilidades para Argentina”, CESPA, Working Paper N° 13, 2007; P. Lamers,
12
“Emerging liquid biofuel markets ¿A dónde va la Argentina?”, IIIEE, 2006; R.
Trostle, “Global Agricultural Supply and Demand: Factors Contributing to the
Recent Increase in Food Commodity Prices”, Economic Research Service,
United States Department of Agriculture, May 2008; “Biocombustibles:
rumbo a una nueva matriz energética”, in Terminal C, May 2008; K. Joseph,
“Argentine Biofuels Report 2007”, Global Agriculture Information Network,
United States Department of Agriculture; and “World Ethanol and Biofuels
Report”, F.O. Lichts, 2008.
The information provided through this brochure does not constitute legal or professional advice whatsoever. ProsperAr (Agencia Nacional de Desarrollo
de Inversiones) reserves the right to revise, amend, alter or delete the information provided herein at any time, but shall not be responsible for or liable in
respect of any such revisions, amendments, alterations or deletions.
Photos: courtesy of Biodiesel del Plata, Stock Exchange and Flickr under Creative Commons license.
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Argentina at a glance
Country profile
Official name
República Argentina
Capital city
Buenos Aires
Main cities
La Plata, Mar del Plata, Mendoza, Rosario, Cordoba
Surface area2,780,400 square kilometers
Population39,356,383 inhabitants
Population growth 1.0% per year
GDP per capita (PPP) US$ 13,307
Currency
Argentine Peso ($)
Adult literacy rate
97.2%
Life expectancy at birth75 years
Form of government
Federal Presidential Republic
Political division23 autonomous provinces
and the Autonomous City of Buenos Aires
Time zone
GMT - 03:00
Official language
Spanish
Main Economic Indicators
200320042005200620072008E
GDP growth rate (annual %)8.8%
9.0%
9.2%8.5%8.7%7.4%
GDP (PPP) (millions of US$)333,399373,041419,568469,457523,739571,392
GDP (millions of US$)
129,631
153,185
183,117212,897260,663307,004
Exports (millions of US$)34,43939,86446,82554,20765,83878,756
Imports (millions of US$)
18,82727,93034,94641,13353,35868,737
Balance of trade (millions of US$)
15,611
Trade surplus (% of GDP)
12.0%7.8%6.5%6.1%4.8%3.3%
11,934
11,879
13,074
12,479
10,019
Current account surplus (% of GDP)6.3%2.1%2.8%3.6%2.8%2.2%
Primary fiscal surplus (% of GDP)2.3%3.9%3.7%3.5%3.2%3.6%
Gross capital formation (% of GDP)
15.1%
19.2%21.5%23.4%24.3%
n.a.
Gross national savings (% of GDP)
19.6%20.6%23.7%26.4%26.6%
n.a.
Foreign direct investment (millions of US$)
1,6524,1255,2655,0375,713
n.a.
Exchange rate ($/US$)2.92.92.93.13.13.2
Foreign reserves (millions of US$)
14,119
Unemployment rate (% of EAP)
14.5%
19,64628,07732,03746,17655,597
12.1%
10.1%8.7%7.5%7.0%
Source: ProsperAr based on Argentinean National Institute of Statistics and Census, Central Bank’s Market Expectations Survey (REM) and International Monetary Fund.
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ProsperAr is Argentina’s National Investment Development Agency
Our mission is to encourage foreign and national investment for Argentina’s
competitiveness and sustainable development.
ProsperAr’s five main objectives:
Provide services to investors
ProsperAr acts as a centralized contact point for both foreign and local investors in Argentina. We
provide potential investors with personalized professional services at all stages of the investment
process: from investment assessment and set up to post-investment (through our aftercare activities).
We supply key information on business sectors, legal framework, investment incentives and regional
profiles, necessary to establish and grow your business. We also facilitate contacts between potential
investors and prospective local partners and government agencies.
Attract and generate investment
ProsperAr works to promote, attract and expand both domestic and foreign investment in the country.
We identify investment and innovation opportunities in high growth sectors, and in turn, communicate
them to national and international investors. We also encourage existing firms to expand and develop
their businesses in the country. ProsperAr is implementing a set of programs to facilitate access to
credit and capital for investment and innovation.
Support the internationalization of local companies
ProsperAr promotes the growth and internationalization of Argentine firms. Fostering local
innovation capabilities and overall competitiveness is key to our strategy. ProsperAr also assists
international companies to invest in and work with Argentine peers in global joint ventures. In short,
we plan to financially support pioneers and domestic companies to achieve their global expansion goals.
Communicate Argentina’s advantages
ProsperAr communicates Argentina’s advantages and opportunities to both local and global investors.
We aim to create a differential image for the country, highlighting the reasons that make Argentina an
attractive, profitable and strategic investment location. We also work to build relationships that enable
international companies to take advantage of local, regional and global opportunities.
Boost the Investment Environment
ProsperAr works to strengthen Argentina’s investment environment. We interact with local and
overseas companies, as well as potential investors, identifying and removing possible obstacles to do
business in Argentina. Through active dialogue with the private sector, and in coordination with other
government departments, we advocate for the formulation of policies and programs to optimize the
investment and innovation environment.
What ProsperAr can do for you:
>> Provide timely and relevant information on business sectors and geographical
locations in Argentina
>>Help identify investment and innovation opportunities in strategic sectors
>>Troubleshoot red tape and obstacles; facilitate the whole investment process
>>Assist in building partnerships between foreign investors and local companies
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To learn more about how investing in
BIOFUELS in Argentina
can benefit you, please contact us:
www.prosperar.gov.ar
[email protected]
+54 11 4328 9510