A group of Austrian investors plans to invest USD 75 million in Paraguay, with a projection of USD 500 million, to install a green methanol plant for export to the European market.
Asunción, Agencia IP.- A group of Austrian investors aim to invest USD 75 million in Paraguay, with a projection of USD 500 million, to install a green methanol plant for export to the European market.
During a meeting at the ministerial headquarters, representatives of Parafuel expressed interest to the Minister of Industry and Commerce, Javier Giménez, and the Vice Minister of Rediex, Rodrigo Maluff.
Regarding the topic, Rodrigo Maluff, the Head of Rediex, explained that it is a firm «with an established presence in Austria, which has been actively structuring a methanol production project in Paraguay for the past six months, based on green and renewable energies.»
He emphasized that the goal is to produce 1,500,000 liters of methanol, an alternative fuel to fossil fuels.
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