BNDES approves $484.5 million to expand Brazilian ethanol pipeline

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 to the main consumption centers of Sao Paolo and Rio de Janeiro. The project should be implemented by 2020 when it will replace 400,000 truck trips per year.