The company Oil Fox, based in Argentina, is considering installing its first biodiesel production plant using castor oil and algae in Colombia.
The Argentina multinational plant, which is already present in four Latin American countries, is considering building the firm in Huila so as to produce environmentally friendly fuels that are compatible with food production.
In this regard, Jorge Kaloustian, Oil Fox representative, said that the construction of the plant in Huila would be developed with the support of the universities Universidad Cooperativa and Corhuila and of Public Enterprises of Neiva.
“We have been making biodiesel in Argentina since 1997. In 1999 we began a test project with 1,000 hectares of wild castor to produce biofuel, since this crop does not compete with food production and is planted in dry places,” said the entrepreneur to the local newspaper La Nación.