Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
SPAIN,URUGUAY : Abengoa received US $120 million deal from bioethanol plant in Uruguay
Publish Date : 25-Oct-2011
Abengoa Corp., Spain based leading global energy company, obtained US $120 million deal from Alcoholes de Uruguay.
As per this deal, Abengoa will build a bio-ethanol plant in Uruguay’s Paysandu department. The deal also covers the construction of an adjoining power cogeneration plant. The construction work on the facility is scheduled to start in January 2012.
The plant will generate 70 million liters of ethanol per year and 50,000 tons of Distillers Dried Grains with Solubles (DDGS), a byproduct for animal feed. Abengoa will also construct a 8MW cogeneration plant with forest biomass to offer electricity and steam for the operation of bioethanol plant. Abengoa was selected by Alcoholes de Uruguay after evaluating its proposal with one submitted by Elecnor.
Leonardo De Leon, Executive Director of Alcoholes de Uruguay, inked a deal of intent to partner with Abengoa, for the maintenance and operation of the plant.
\"The greatest impact of this project will be in agriculture and its logistics, as we will need the direct supply of 50,000 hectares for the operation of the plant,\" said De Leon.
