Created in 1931, Uruguay's state oil company Ancap is engaged in the exploration, production, transport, refinery, storage and sale of hydrocarbons and derivatives. The firm is also active in the petrochemical (lubricants), biofuel (alcohol and ethanol), and portland cement industries. The Ancap group includes local mineral resources company Pamacor, biodiesel manufacturer Alcoholes del Uruguay (Alur), cement producer Cemplata, and Argentine holding company Ancsol. The group also owns the La Teja refinery in Montevideo and has interests in Argentina's Cruz del Sur gas pipeline as well as minority assets in the country. The country incorporated biofuels into the energy matrix in 2009, prompting the construction of bioethanol and biodiesel distribution networks scheduled to go online in 2011.
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