Paraguay announced it will begin the construction of a pipeline that will transport petroleum fuels and ethanol from Brazil to Asunción. Investments in the project will be 2,500 million dollars. Paraguay produces about 150 million liters of ethanol according to the Ministry of Industry and Trade, which basically cover the local demand.
According to the General Secretary to the President of Paraguay, Miguel Lopez Perito, told Reuters, construction should begin this year. The pipeline will allow the pumping of fuel from the Brazilian port of Paranagua to the Paraguayan capital, which even includes an initiative to supply the north of Argentina. The country would also transport soybean oil, which now mostly exported into grains.