In Brazil, Suzano Ventures, the corporate venture capital arm of Suzano, the world’s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to $5 million towards the company’s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The […]
In Brazil, Compagnie Maritime Monegasque (CMM) announced the closing of up to $94 million in financing. The transaction was funded by Summit Ridge Capital Partners. Panorama Capital Partners sourced and advised on the transaction, and participated as a co-investor. This financing enables CMM to recompose its shareholder structure and to expand its fleet. As part […]
In Brazil, last week the manager of the Industrial Committee of the Rural Producers Cooperative (Cooperfarms) filed with the National Bank for Economic and Social Development (BNDES), in Rio de Janeiro/RJ, a project proposal to build a corn and sorghum ethanol plant in western Bahia, initiated by the cooperative. The expectation is that the construction […]
In Brazil, Ukragroconsult reports the Mato Grosso Institute of Agricultural Economics (Imea) data shows about a quarter of the state’s corn production when to ethanol in the 12 months ending in March 2024. Ethanol production during that period rose 39% on the year to 4.54 billion liters using more than 10 million metric tons of […]
In Brazil, Vale and Caterpillar have signed an agreement to test battery electric large trucks and energy transfer systems, as well as conduct studies on ethanol-powered trucks. The aim is to support Vale in achieving its goals of reducing scope 1 and 2 (direct and indirect) carbon emissions by 33% by 2030 and zeroing its […]
In Brazil, Bloomberg reports that Raizen was the first to reach the holy grail: access to the US’s sustainable aviation fuel market. The company sent a cargo of sugarcane-based ethanol to the US as SAF feedstock in March, with Datagro data confirming 25,000 liters went to Savannah, Georgia near LanzaJet’s SAF facility. Lanzajet says it […]
In Brazil, Bloomberg reports Sao Martinho expects it will beat domestically-grown corn-based ethanol as the first Sustainable Aviation Fuel feedstock in the US, thanks to landing required certifications, including the one from Corsia as well as EPA registration. The company expects to produce between 3.4 million and 4 million gallons of sugarcane ethanol for export […]
In Brazil, Bloomberg reports that despite presure from the Biden Administration, Brazil will continue to apply tariffs on US origin ethanol to protect its ethanol producers. Brazil would be open to lower tariffs, however, if tariffs into the US market allowed for more Brazilian sugarcane-based ethanol for Sustainable Aviation Fuel. By “growing the pie”, there […]
In Brazil, Reuters reports that sugarcane millers have decided to leave the ethanol market to their corn-based bretheren, at least in part, in order to produce more sugar, which currently provides a better return. When the next sugarcane season kicks off in April, millers plan to divert 10% more cane towards sugar production instead of […]
In Brazil, in order to promote environmental education and encourage the circular economy, an Oleo Amigo program, created by Biopower, a company of JBS producing biodiesel, grew almost 15% in 2023, with the collection of 4.5 million liters of cooking oil. In about eight years of the program’s existence, more than 26 million liters of […]
