Bolivia
Press Release

Bolivia: Government will invest Bs1,660 million for production and collection of organic diesel raw materials

Bnamericas Published: Sunday, January 22, 2023

This release from the Ministry of Hydrocarbons and Energies and YPFB was published using machine translation.

UCOM-MHE-YPFB-01-22-2023.- The Constitutional President of Bolivia, Luis Arce, indicated that the national government will invest Bs1,660 million for the construction of three palm oil extraction plants, an oil extraction plant of Macororó and jatropha, and four collection and processing centers for used oils and fats, which will provide the raw material for the production of ecological diesel.

“To date, resources of Bs1,660 million have been guaranteed for the implementation of three palm oil extraction plants in the departments of La Paz, Cochabamba and Beni; (and) a macororó and jatropha oil extraction plant in Villa Montes (Tarija)", said the President, during his speech at the celebration of the 14th anniversary of the founding of the Plurinational State of Bolivia, held in the Casa Grande from town.

Arce said that the four collection centers will be located in the departments of La Paz, Oruro, Cochabamba and Santa Cruz. "These inputs will be used for the production of ecological diesel," he said.

These projects are part of the national government's policy of industrialization with import substitution. In addition, the production of biofuels such as organic diesel will help strengthen the country's energy security.

Bolivia began in September 2022 the construction of Biodiesel Plant 1, in the city of Santa Cruz de la Sierra, which will have a capacity to produce 1,500 barrels per day (bpd) of biodiesel.

Likewise, as part of the biofuels program carried out by the national government, through the Ministry of Hydrocarbons and Energies through the entity under its supervision, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), plans to implement a second biodiesel plant of 1,500 bpd and one of 9,000 bpd renewable diesel.

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