FS announces $420M in third corn ethanol plant in Mato Grosso
In Brazil, FS has announced its expansion in Mato Grosso and the construction of its third plant, located in Primavera do Leste, MT.
The plant, located in Primavera do Leste, will have an investment of $420 million generating approximately 8,000 indirect jobs during the construction phase and 500 direct and indirect jobs during its operation. Site preparation has already commenced, with commissioning scheduled for 2023 with a planned capacity for over 150 million gallons of ethanol per year.
With two ethanol plants amongst the largest in the country utilizing corn as a feedstock, in Lucas do Rio Verde and Sorriso/MT, FS already has more than 375 million gallons per year of production capacity and, with the inauguration of the Primavera do Leste plant, the company is expected to become one of the three largest ethanol producers in Brazil, reaching a production capacity of 525 million gallons per year. With the full investment plan, which includes three more plants by 2026 also in the state, FS would reach production capacity of 1.3 billion gallons of ethanol per year.
Category: Fuels
