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TMO to invest $30 million with Usina Santa Maria in Brazilian cellulosic facility

April 15, 2013 |

In Brazil, the UK’s TMO has signed an MOU with Usina Santa Maria to jointly invest $30 million in the company’s first cellulosic ethanol plant in Brazil. The 10 million liter facility would use bagasse supplied from the mill under a 20 year feedstock supply agreement and could come online as soon as 2014. The company looked to set up the facility in Brazil because of the existing market for 100% ethanol-fueled vehicles.

Category: Fuels

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