Paraguay: Industria Nacional del Cemento (INC) is looking to diversify its fuels mixture to include other types of oils and possibly biofuels. The company has signed an agreement with the engineering faculty at Asuncion National University (FIUNA) to certify the use of biofuels. INC's president Jorge Mendez believes that, from 2016, INC may start using a variety of fuels, following a US$50m investment in its furnace. This could save US$22m/yr, but it will not necessarily mean that biofuel will be used.