Vale announces $305 million palm oil biodiesel project in Brazil

In Brazil, Vale announced a $305 million palm oil biodiesel project that will utilize feedstock produced by a consortium formed between Vale and Biopalma da Amazônia.

The project, which will be completed in 2014, will produce 500,000 tons of palm oil and 48 Mgy of palm oil biodiesel. The biodiesel will be used in a B20 concentration to supply locomotives in the Carajas railroad and mining operations. Vale will hold a 41 percent stake in the palm oil consortium.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Louis Dreyfus aims to acquire Santelisa Vale in Brazil; two majors will have combined 40 million ton cane crush capacity

In Brazil, Louis Dreyfus announced that it will acquire Santelisa Vale, one of Brazil's premier sugar and ethanol groups, as soon as Santelisa restructures it $1.3 billion debt. Louis Dreyfus manageme...

Bunge to build up Itaqui as alternative Brazilian ethanol port

In Brazil, Vale and Bunge have announced a partnership to transport 26 Mgy of Bunge ethanol in 2010 via Vale rail to the Itaqui port in Maranhao state. The port will be an alternative to the more sout...

HLC to commence production at 21 Mgy biodiesel plant in Pernambuco, Brazil

In Brazil, HLC will commence biodiesel production at its 21 Mgy Petrolina plant in Pernambuco state in the first quarter of 2008. The Portuguese-owned HLC acquired Biodiesel do Vale do São Franc...

Louis Dreyfus injects $463 million in new LDC-SEV bioenergy giant, after LDC Bioenergia, Santelisa Vale merger

In Brazil, LDC-SEV, the company resulting from the merger of LDC Bioenergia and Santelisa Vale, will receive a capital injection of $463 million from Louis Dreyfus, and is expected to have an IPO betw...

Indonesian, Thai and Philippine palm cultivation to increase to 5 million acres to support biodiesel production

A roundup of Southeast Asian biofuel plans shows that Indonesia plans to reserve 13.5 million acres for biofuels by 2010, of which 3.7 million acres will be palm oil plantations. Thailand has indicate...

Mozambique’s Petromoc to raise $408 million for jatropha biodiesel project

The Mozambique oil producer Petromoc is raising $408 million for a new project using 45,000 hectares of jatropha to produce 59 million gallons of biodiesel. Petromoc is currently conducting a pilot bi...