Bolivia
Press Release

Government invests more than $us 66 million in Biodiesel Plant II, in the city of El Alto

Bnamericas
Government invests more than $us 66 million in Biodiesel Plant II, in the city of El Alto

This press release was published in English using an automatic translation system

Ministry of Hydrocarbons and Energy

With an investment of more than $us 66 million, the Government, through Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), is advancing in the industrialization of hydrocarbons with the construction of the Biodiesel Plant II "Héroes de Senkata", a fundamental infrastructure that will contribute to the country's energy security.

Located in the Senkata region, in the municipality of El Alto, the plant will have a production capacity of 1,500 barrels of biodiesel per day, which will reduce dependence on diesel imports and promote the use of biofuels.

The production of biodiesel at this plant will use 98% vegetable oils and 2% used cooking oil as raw material, thus promoting the circular economy and contributing to reducing environmental impact.

With this type of initiative, Bolivia reaffirms its commitment to the energy transition and the diversification of its fuel matrix with more sustainable sources.

Currently, the Biodiesel Plant II is in the final phase of its execution. This project is part of the energy transition policy and reduction of dependence on fuel imports.

In this regard, Supreme Decree 5135, in force since March 13, 2024, establishes the progressive substitution of inputs, additives and imported diesel oil, determining the percentages of mixing biodiesel and anhydrous ethanol with base fossil fuels for its commercialization.

In March of last year, YPFB started up Biodiesel Plant I, at the Palmasola plant in Santa Cruz, which, after passing the testing stages and dynamic verifications to ensure proper performance, is now producing biodiesel. In this way, the national government is promoting the use of renewable energy.

Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Oil & Gas (Bolivia)

Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Area Cedro
  • Current stage: Blurred
  • Updated: 12 months ago

Other companies in: Oil & Gas

Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Sapura Energy Berhad  (Sapura Energy)
  • Sapura Energy Berhad, formerly SapuraKencana Petroleum Berhad, is a Malaysian integrated services and solutions provider for the upstream segment. With presence in more than 20 ...
  • Company: Petroil Óleo e Gás Ltda  (Petroil)
  • Petroil Óleo e Gás Ltda (Petroil), a Brazilian company founded in 2012 as a subsidiary of EBS Perfurações located in Mossoró, Rio Grande do Norte, is engaged in the oil and gas ...
  • Company: Chevron Corp.  (Chevron)
  • Chevron is an American oil company engaged in the exploration, production, manufacture, transportation, refining, storage, and marketing of crude oil, gas, and their derivatives...
  • Company: Shell Bolivia
  • BG Bolivia, the local unit of UK gas company BG Group, has interests in six exploration and exploitation licenses in the country, including an interest in two gas condensate fie...