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BASF's New Measure On Sodium Methoxide Products

        German chemical company BASF SE (BAS.XE, BASFY) will build a sodium methylate plant in Argentina as part of a broader plan to boost biodiesel output in South America. The plant, which will have a production capacity of 60,000 metric tons annually, will be BASF's second in the region. The company will begin operating its first plant at the end of 2011 in Brazil. "BASF wants to strengthen its regional presence in one of the most important growth markets for biodiesel," the company said Thursday in a statement. The Argentine plant will be located at BASF's General Lagos site in Rosario, in the province of Santa Fe, the center of Argentina's biodiesel production. BASF didn't say how much it will spend to build the plant and a spokeswoman didn't immediately return a call seeking comment.