Did you know that Argentina is the fifth largest producer of biofuels in the world?
This publication will help you understand the Biofuels industry in Argentina, a growing economic sector in the country. It´s competitive advantage is based on abundant and high-quality natural resources, qualified human resources and existing industrial capacity.
This document was produced by ProsperAr, Argentina´s Investment Development Agency.
If you need further assistance contact us at info@prosperar.gov.ar or use our website www.prosperar.gov.ar.
2. 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 .1 billion liters of biodiesel and
approximately 1 billion liters of ethanol by 010.
ARGENTINA’S OUSTANDING MIX OF RESOURCES
Argentina’s competitive advantage is built on a foundation of abundant world-
class 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 010 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 RD
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.
3. 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 • MAIN CHALLENGES. Argentina will have to encourage
States, Brazil and the European Union, the increasing a concerted effort to increase public and private RD
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.
4. 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 3 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
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
3 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
5. 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 3 million liters, four times greater than production output
Salta, among others. estimates for 2007. Remarkably, production capacity is
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
are currently under construction. Export performance. In 2007, biodiesel exports
–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-
based ethanol is of 4,875 liters, above the yields offered by
Five Main Biodiesel Producers by 2010: Share in Total Production
corn-based ethanol (3,000 liters/ha.) or sorghum-based
U.S. 14.3%
ethanol (2,000 liters/ha).
Germany 12.0%
Projected investments. Recent investment
France 11.6% announcements will add over 500,000 m 3 of additional
ethanol production capacity in the coming years. Some
Brazil 11.1%
of the major projects are those announced by Adecoagro
Argentina 7.2%
(175,000 m 3), Arcor (87,000 m 3), San José (87,000 m 3), and
Bioetanol Río Cuarto (48,000 m 3).
Sources: World Ethanol and Biofuels Report
6. 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.
An innovative domestic firm developing
NATURAL RESOURCES 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 00. 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 % in order to increase the
project’s economic sustainability. This resulted in the
completion of two projects in 00: Agroindustrias
Tejedor SA in San Lorenzo (produces ,000 tons
a month) and Ricard Set Energías Renovables SA
Grain and Oilseed Production
(Millions of Tons) (produces 1,000 tons a month).
0
Grains Oilseeds The high skill level achieved by the firm’s employees
0 in Argentina has resulted in the constant search
and development of new technologies for biodiesel
0
Millions of tons
production. In this context, the company is developing
0
technologies (currently being patented) to convert
0 industrial waste into biofuels. Its aim is to take
advantage of the resulting know-how to export this
10
model worldwide, and become the leader in the
0
000/01 001/0 00/0 00/0 00/0 00/0 00/0 00/0
biofuels industry in Argentina over 00-009.
Source: SAGPyA.
7. 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.
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8. 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 00,
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 RD 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
The company started in May 00 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 190. After gathering a team of experienced capacity to process ,000 tons of soybean oil.
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9. 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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10. 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 RD 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 “Emerging liquid biofuel markets ¿A dónde va la Argentina?”, IIIEE, 00; R.
elaborated by ProsperAr on the basis of: Argentine National Institute of Trostle, “Global Agricultural Supply and Demand: Factors Contributing to the
Statistics and Census; Argentine Secretariat for Agriculture, Livestock, Fish- Recent Increase in Food Commodity Prices”, Economic Research Service,
ing and Food; J. Schvarzer, “Global Agricultural Supply and Demand: Factors United States Department of Agriculture, May 00; “Biocombustibles:
Contributing to the Recent Increase in Food Commodity Prices”, Working rumbo a una nueva matriz energética”, in Terminal C, May 00; K. Joseph,
Document, Universidad de Buenos Aires, December 00; J. Schvarzer and “Argentine Biofuels Report 00”, Global Agriculture Information Network,
A. Tavosnanska, “Biocombustibles: expansión de una industria naciente y United States Department of Agriculture; and “World Ethanol and Biofuels
posibilidades para Argentina”, CESPA, Working Paper N° 1, 00; P Lamers,
. Report”, F.O. Lichts, 00.
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11. 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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12. Argentina at a glance
Country profile
Official name República Argentina
Capital city Buenos Aires
Main cities Córdoba, La Plata, Mar del Plata, Mendoza, Rosario
Surface area . million square kilometers
Population 0. million inhabitants
Population growth 1.0% per year
Adult literacy rate 9%
Life expectancy at birth years
GDP per capita (PPP) US$ 1,1
Currency Argentine peso ($)
Form of government Federal Presidential Republic
Political division autonomous provinces and the Autonomous City of Buenos Aires
Time zone GMT-0:00
Official language Spanish
Main Economic Indicators
00 00 00 00 00 00
GDP growth rate (annual %) .% 9.0% 9.% .% .% .0%
GDP (PPP) (millions of US$) ,99 ,01 19, 9,0 ,10 ,0
GDP (millions of US$) 1,0 1,1 11,9 1, 0, ,0
Exports of goods and services (millions of US$) ,9 9, ,0 , ,0 ,0
Imports of goods and services (millions of US$) 1, ,90 ,99 1,10 , ,9
Balance of trade of goods and services (millions of US$) 1,1 11,9 1,0 1, 1, 1,11
Trade surplus (% of GDP) 1.% .% .% .% .9% .%
Current account surplus (% of GDP) .% .1% .9% .% .% .%
Primary fiscal surplus (% of GDP) .% .9% .% .% .% .1%
Gross capital formation (% of GDP, constant prices) 1.% 1.% 19.% 1.% .% .0%
Gross national savings (% of GDP, current prices) 19.% 0.% .% .% .% .%E
Foreign direct investment (millions of US$) 1, ,1 , , , ,99
Exchange rate ($/US$) .9 .9 .9 .0 .1 .1
Foreign reserves (millions of US$) 1,119 19, ,0 ,0 ,1 ,
Unemployment rate (% of EAP) 1.% 1.% 11.% 10.% .% .9%
Source: ProsperAr based on data provided by the Argentine National Institute of Statistics and Census, the Central Bank’s Market Expectations Survey (REM), the International Monetary Fund and the United Nations
Conference on Trade and Development (as of April 0, 009).
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13. ProsperAr is Argentina’s National Investment Development Agency
Our mission is to develop direct foreign and domestic investment to contribute
to Argentina’s competitiveness and sustainable development.
ProsperAr’s four main objectives are:
Provide services to investors
ProsperAr provides investors with personalized professional services throughout the investment
process, from initial advisory services to investment facilitation and aftercare. The Agency’s team
assesses on investment projects, responds to queries from investors and provides key business
information. Leveraging the Agency’s cooperative relationships with different government bodies,
ProsperAr’s integral services offer investors a unified one-stop support system.
Attract and generate investment
ProsperAr works in the promotion, attraction and expansion of both domestic and foreign investment.
We identify investment and innovation opportunities in high growth sectors, communicating
them to national and overseas investors through international missions, conferences, meetings and
publications. We work to build relationships that enable multinational companies to take advantage of
local, regional and global opportunities. We also encourage domestic firms to expand and develop their
businesses.
Boost the Investment Environment
ProsperAr works to strengthen Argentina’s investment environment. We interact with local and
multinational companies, as well as potential investors, identifying and removing possible obstacles to
doing 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.
Promote the internationalization of local companies
ProsperAr promotes the growth and internationalization of Argentine firms. Fostering local vocation
for innovation and entrepreneurship and promoting overall competitiveness are key aspects of
the Agency’s strategy. Two programs “Entreprenuer Development” and “Pioneers” are in place to
strengthen local companies’ critical capacities in different growth phases. ProsperAr also assists
international companies to invest in and/or work with their local counterparts to form global joint
ventures.
ProsperAr is your strategic partner to invest and prosper in Argentina.
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 investment process and doing
business in Argentina.
Assist in building partnerships between foreign investors and local companies.
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14. To learn more about how investing in
BIOFUELS in Argentina
can benefit you, please contact us:
www.prosperar.gov.ar
info@prosperar.gov.ar
+54 11 4328 9510