Argentina is scheduled to open five corn-based ethanol plants in the next two years, which would give farmers a new market and help the country meet its 5% ethanol mandate, say experts. The five facilities are expected to require about 1.2 million metric tons of corn annually to produce about 132 million gallons of ethanol. "With the first plant we could get close to that 5% [blending rate]. And in 2013, when all the plants are up and running, we should produce enough for about 10% [blending]," said Martin Fraguio, executive director of corn group Maizar.

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