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Full article Minister Molina praised Evo Morales initiative in these matters
Bolivia will build ecological diesel and biodiesel plants to reduce imports of liquid fuels, Hydrocarbon and Energy Minister Franklin Molina announced over this past weekend.
The official underlined that the goal was to further the industrialization process in order to, in turn, cut down both foreign trade expenditures and state subsidies. It is estimated Bolivia will spend between 1,000 and 1,200 million US dollars importing diesel in 2021 for domestic supply.
The ultimate target is to make way for the yielding of second-generation biofuels out of both urban waste and produce, added Molina, who also released details that indicated the biodiesel plant would start operations sometime in 2024 and its construction will cost around 279 million US dollars.