Panama: Odin Energy To Import Bio-diesel

Odin Energy Corporation announced its intention of importing bio-diesel B5 from Colombia and re-exporting it to other countries from Panama.

Monday, May 17, 2010

The company, listed at the Panamanian Stock Exchange, is building a $20 million bio-diesel mixing facility in Colombia, which should be ready by the end of 2010.

They would import the B5 variety, which is 5% bio-diesel and 95% conventional diesel.

Indira Veitía, company director, explained that they installed their administrative offices in Panama due to the country’s strategic geographic location for international operations and because it has experienced continued economic growth despite the global financial crisis.

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