BNDES launches R$4B program to expand sugarcane production

January 13, 2012 |

In Brazil, BNDES has created a new program to encourage the production of sugarcane by financing the renovation of old sugarcane farms and the expansion of the cultivated area, with a budget of R$ 4 billion.

The program is intended to encourage the renewal and expansion of sugarcane farms.  With the increased availability of raw materials, the expectation is that the production of ethanol will increase between 2 and 4 billion liters from 2013 until 2014, representing growth of over 10% in relation to the current crop.

Category: Fuels

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