BNDES offers $1B for advanced biofuels

March 24, 2011 |

In Brazil, BNDES, offered $1 billion to the Brazilian Innovation Agency to fund research and development into second generation ethanol. The loans would be part of the government’s Joint Plan to Support Industrial Technological Innovation in the sugar-based Energy and Chemical Sectors where it will support companies working on turning sugarcane biomass and sugarcane ethanol for use in diverse industrial applications over the next three years.

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Category: Fuels

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