After 7 months of planning and 19 months of construction, our largest current construction project, the new biodiesel plant in Paraguay, is nearing completion. After 7 months of planning and 19 months of construction, the plant was inaugurated in May 2023 and is now gradually starting production.
The plant will produce biodiesel from domestic soybean oil and - as a by-product - crude glycerine. It starts with a capacity of 100,000 tons/year, both in the soybean oil neutralization and in biodiesel production.
Reconvert Paraguay's energy matrix, by reducing our dependence on fossil fuels
CREMER OLEO is investing around USD 30 million in the construction of the biodiesel plant. What is the objective of the local management team and the corporate board of the German CREMER network it belongs to?
Paraguayan Chief Executive Officer Alejandro F. Basualdo explains: "Soybean oil from Paraguay has until now been exported in its entirety, while 100% of the country's fuel has been imported. The new plant will help reducing our dependence on fossil fuels, making both a valuable contribution to the country's industrialization and sustainability efforts.
The biodiesel market in Paraguay is a virgin market with enormous potential. Our reference was the success story of ethanol. It started with a 3% mandatory blending mandate and today, thanks to the investments made and the clear regulations, it has reached 27.5%. Regarding Biodiesel in Paraguay, this investment was pending in the past. With the opening of our new plant, this is no longer the case."
Family-owned CREMER holding is an international network specialiced in the trade, processing and transport of agricultural, raw and basic materials, as well as oleochemical products. CEO Dr. Ullrich Wegner says: "With this project, CREMER underlines its ambition to become a major player in the private biodiesel sector in Paraguay. Together with our operations in Argentina, Brazil, Mexico and Colombia, CREMER further extents its presence in Latin America."
Alejandro F. Basualdo has been working in the biodiesel sector at CREMER for 10 years.