FS Bioenergy to invest $308 million in second corn-based ethanol plant in Mato Grosso

In Brazil, Reuters reports that Summit Agricultural Group’s FS Bioenergy announced it will build a second corn-based ethanol plant, investing $308 million to produce 680 million liters per year in the facility based in Sorriso, in northern Mato Grosso. Using 1.8 million metric tons of corn annually, it will also produce half a million tons of cornmeal and 20,000 tons of corn oil. The company’s two plants together will process 3.1 million tons of corn annually from a total of 26 million tons of corn grown in the state.