Brazilian government to double planned investment to $988M through 2014 in biobased technologies

September 24, 2012 |

In Brazil, the Brazilian national development bank, BNDES and and the research funding arm, FINEP, announced a plan to double propose investment in biofuels and renewable chemicals and provide up to $988 million to the sector in 2013 and 2014. Dow Chemical, DuPont and Braskem are among those who have  announced projects with a cost of up to $1.5 billion – and Carlos Cavalcanti, head of biofuels at BNDES, told Business Week at World Biofuels Markets (Brazil) that the agencies are indeed likely to concentrate funding in a few projects, which all focus on developing value-add products from sugarcane.

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Category: Fuels

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