Tag: BNDES

BNDES approves R$47 million for sugarcane bagasse energy cogeneration

BNDES approves R$47 million for sugarcane bagasse energy cogeneration

June 22, 2019 |

In Brazil, the Brazilian Development Bank (BNDES) approved a R$46.9 million ($12 million USD) financing for the Central Energética Tupaciguara Ltda. increase its cogeneration capacity and export electricity produced from sugarcane bagasse. Financing will allow the expansion of current capacity from 12 MW to 35 MW per year from 2023. Exports will increase from 5.5 […]

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BNDES approves $484.5 million to expand Brazilian ethanol pipeline

BNDES approves $484.5 million to expand Brazilian ethanol pipeline

January 7, 2019 |

In Brazil, Renewables Now reports that the Brazilian Nation Development Bank BNDES has approved a $484.5 million loan to Cosan’s Logum Logistica to build 128 km of ethanol pipelines, adding three cities in Minas Gerais and the interior of Sao Paulo state to its existing 353 km of pipelines already in place that ships ethanol […]

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BNDES Giro approves $13.5M for Paraná sugar and ethanol plant

BNDES Giro approves $13.5M for Paraná sugar and ethanol plant

October 21, 2018 |

In Brazil, the National Bank for Economic and Social Development (BNDES) approved R$50 million (approximately $13.5 million) financing for Companhia Agrícola Usina Jacarezinho to enable the company to improve its capacity and keep the approximately 1,800 employees throughout 2019. Usina Jacarezinho has an industrial unit with processing capacity of 2.6 million tons of sugarcane, located […]

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BNDES to provide up to $552 million to mills for offsetting ethanol storage costs

BNDES to provide up to $552 million to mills for offsetting ethanol storage costs

September 1, 2015 |

In Brazil, the national development bank, BNDES, has approved up to $552 million in loans to help ethanol producers store the fuel until prices are higher during the intercrop season. The funds could help to store up to 1.4 billion liters of ethanol, roughly 5% of the expected production from the current harvest. Last year’s […]

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BNDES OKs $116M in financing for Abengoa cellulosic ethanol plant in Sao Paulo State

BNDES OKs $116M in financing for Abengoa cellulosic ethanol plant in Sao Paulo State

December 19, 2014 |

In Brazil, the National Bank for Economic and Social Development (BNDES) approved $223.38 in financing for four sugarcane projects. The largest announced financing is for Abengoa Bioenergy SA Agribusiness, which will receive $116.8M to implement its second-generation ethanol plant. The new project will be integrated with the Usina São Luiz first-generation ethanol plant in Pirassununga, in São Paulo […]

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BNDES approves $618 million in loans for cane ethanol innovation

BNDES approves $618 million in loans for cane ethanol innovation

February 18, 2014 |

In Brazil, BNDES has approved $618 million in loans to promote innovation in sugarcane-based ethanol in partnership with the state research-financing agency Finep. The 10-year loans will be offered at 4% interest.

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BNDES gives Raizen $91 million for cellulosic ethanol plant

BNDES gives Raizen $91 million for cellulosic ethanol plant

September 16, 2013 |

In Brazil, the national development bank BNDES approved a $91 million loan for Raizen to build a second-generation ethanol plant. The 40 million liter-per-year, bagasse-to-ethanol plant is set to come online in 2015. It will be located in Piracicaba, southeastern Sao Paulo state.

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BNDES to boost ethanol loans by 46%

BNDES to boost ethanol loans by 46%

August 6, 2013 |

In Brazil, the state development bank BNDES plans to boost sugarcane mill financing by 46% this year in order to increase ethanol production. The bank expects to lend about $2.6 billion in 2013 with interest rates down to 5.5% as of July 29, from 6.3% previously.

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BNDES approves $150 million for GranBio’s cellulosic ethanol plant

BNDES approves $150 million for GranBio’s cellulosic ethanol plant

May 8, 2013 |

In Brazil, BNDES has approved a $150 million loan in addition to its funding scheme for GranBio’s second-generation ethanol plant in São Miguel dos Campos in the northeastern state of Alagoas. The bank’s investment arm is buying a 15% equity stake in the company for about $300 million, which was announced in December. This first […]

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Brazil doubles down on next-gen biofuels: BNDESPAR invests $294 million in GraalBio, BNDES adds $137M in financing

Brazil doubles down on next-gen biofuels: BNDESPAR invests $294 million in GraalBio, BNDES adds $137M in financing

January 22, 2013 |

Brazilian development arm takes 15% stake in cellulosic ethanol venture, and sweetens with low-cost loan for the first commercial project. In Brazil, BNDESPAR, the Banco Nacional de Desenvolvimento Econômico e Social (BNDES) venture group, announced a $294 million equity investment in GraalBio — aimed at the developing technology and projects in cellulosic ethanol and renewable […]

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