Alur to seek financing for biodiesel project

Alur to seek financing for biodiesel project

Debt Loans Uruguay Energy ESG Biofuels Green Finance

Uruguay's government has authorized state-owned ethanol producer Alur to take out the equivalent of $50 million in a credit line to finance a two-year program to make biodiesel from canola oil, El Observador newspaper reported on Thursday. Alur, a unit of the state energy company Ancap, will seek the two-year credit line from local banks, the paper reported. The company will borrow the funds in Uruguayan pesos or unidades indexadas, a unit known as UI that fluctuates with inflation. Uruguay has

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial