BNDES approves $15M financing for UISA Geo Biogás to build facility from sugarcane waste

In Brazil, National Bank for Economic and Social Development (BNDES) approved financing of R$ 80 million for UISA Geo Biogás S/A to build an industrial unit to produce biomethane and electricity from sugarcane residues, in Nova Olympia (MT). In the first phase, the plant will produce up to 11.4 million Nm³/year of biogas and up to 32,000 MWh/year of electricity. The project will allow the distribution of biomethane in a region not yet served by a natural gas network. Biogas will also be used to replace diesel in part of the truck fleet of UISA, one of the venture’s partners, and the electricity will supply the unit’s own demand, and may also be exported.