MSU Argentina

MSU Argentina is an Argentine business conglomerate with operations in the agricultural, agro-industrial, and energy sectors. It is composed of three independent companies: MSU Agro, dedicated to agricultural production; MSU Energy, an electricity producer; and MSU Green Energy, focused on renewable energy.
The Uribelarrea family comes from a long tradition in agricultural activity in Argentina, dating back to 1860.
In 1978, Manuel Santos de Uribelarrea Duhau took over the management of his family's fields in Villa Cañás, in the province of Santa Fe, focusing on grain production, aiming to improve yields and soil conservation. He introduced the adoption of conservation tillage, crop rotation, integrated soil management, nutrient replenishment, direct seeding, and genetically modified crops, which allowed for a significant boost in productivity while considerably reducing the use of agrochemicals.
In 1998, Manuel Santos Uribelarrea Balcarce (son of Manuel Santos de Uribelarrea Duhau) founded a new company focused on large-scale agricultural production on both owned and leased lands. As a joint initiative between father and son, they named the company after their initials: MSU.
Since its inception, the company continued with the adoption of technology applied to production, such as direct seeding, precision agriculture, and the use of genetically modified seeds. MSU quickly expanded across various regions in Argentina, as well as in Uruguay, Paraguay, and Brazil.
In 2007, they launched an investment fund aimed at large international institutional investors, focused on the purchase of land in the region, covering the main agricultural areas of Argentina, Uruguay, Paraguay, and Brazil. With the growth experienced in its operations and in order to improve the company's debt profile, in 2013, it entered the capital markets to obtain long-term financing through the issuance of Negotiable Obligations, under the regulation of the National Securities Commission.
In 2013, the first forays into the energy industry were made with the evaluation of corn ethanol production projects.
In 2016, the group made its first investment in energy, with the launch of three open-cycle thermoelectric plants, built by General Electric. These plants, located in General Rojo and Barker in the Buenos Aires Province, and Villa María in the province of Córdoba, had an installed capacity of 150 MW each, with long-term energy supply contracts signed with Cammesa. The plants have long-term maintenance contracts with General Electric.
In 2020, the three plants will increase their capacity and generation efficiency with their expansion and transformation into combined cycles, reaching a total power of 750 MW.
In 2022, MSU Green Energy was created, focused on the development of renewable energies. The group's renewable energy generation division currently has 8 parks, of which 2 are in commercial operation, 3 are expected to begin operations by the end of 2024, and the remaining 3 are scheduled to start in mid-2025.
It has strategic clients such as Volkswagen, Dow, and Air Liquide, to which it supplies solar energy.
MSU Argentina is composed of three business units organized into independent companies.