In Brazil, EPBR reports that the Brazilian Development Bank, BNDES, does not have the resources to fulfill the financing line demanded by the ethanol sector to help with the Covid-19 impact of drastic price and demand drops for ethanol and that the initiative will depend on a consortium of public and private banks. “We don’t […]
In Brazil, Renewables Now reports that BNDES has approved a $23 million loan for a biogas project collocated at a sugar mill owned by Cocal Energia. The project will use sugarcane straw, filter cake and vinasse to produce 33 million cubic meters per year of biogas, half of which will be used for 40,000 MWh […]
In Brazil, a joint venture between Patria, Shell, and Mitsubishi Hitachi Power Systems is getting over 2 billion Brazilian Real, or nearly $500 million USD, from Brazil’s National Bank for Economic and Social Development, BNDES, that will be spread over 24 years, for a 565 MW natural gas thermoelectric power plant in the municipality of […]
In Brazil, the Brazilian Development Bank (BNDES) approved a R$46.9 million ($12 million USD) financing for the Central Energética Tupaciguara Ltda. increase its cogeneration capacity and export electricity produced from sugarcane bagasse. Financing will allow the expansion of current capacity from 12 MW to 35 MW per year from 2023. Exports will increase from 5.5 […]
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 […]
In Brazil, the National Bank for Economic and Social Development (BNDES) approved R$50 million (approximately $13.5 million) financing for Companhia Agrícola Usina Jacarezinho to enable the company to improve its capacity and keep the approximately 1,800 employees throughout 2019. Usina Jacarezinho has an industrial unit with processing capacity of 2.6 million tons of sugarcane, located […]
In Brazil, the national development bank, BNDES, has approved up to $552 million in loans to help ethanol producers store the fuel until prices are higher during the intercrop season. The funds could help to store up to 1.4 billion liters of ethanol, roughly 5% of the expected production from the current harvest. Last year’s […]
In Brazil, the National Bank for Economic and Social Development (BNDES) approved $223.38 in financing for four sugarcane projects. The largest announced financing is for Abengoa Bioenergy SA Agribusiness, which will receive $116.8M to implement its second-generation ethanol plant. The new project will be integrated with the Usina São Luiz first-generation ethanol plant in Pirassununga, in São Paulo […]
In Brazil, BNDES has approved $618 million in loans to promote innovation in sugarcane-based ethanol in partnership with the state research-financing agency Finep. The 10-year loans will be offered at 4% interest.
In Brazil, the national development bank BNDES approved a $91 million loan for Raizen to build a second-generation ethanol plant. The 40 million liter-per-year, bagasse-to-ethanol plant is set to come online in 2015. It will be located in Piracicaba, southeastern Sao Paulo state.
