BSBIOS aims to double production in Marialva

Brazilian biodiesel producer BSBIOS will invest BRL80 million (€18.3m) to double production at its Marialva unit.

The company expects the expansion to be concluded in 2017, boosting the site's biodiesel production capacity from the current 208 million litres per year to 416 million.

BSBIOS has signed a memorandum of understanding with Parana's state government.

The company will re-enter the Parana Competitivo programme, under which the government provides tax incentives.

The Marialva unit, which uses soya oil and animal fat as feedstock, will also have its glycerin production capacity doubled.

BSBIOS has two production sites, in Passo Fundo and in Marialva, with a combined capacity of 424.8 million litres of biodiesel per year.

Dubbed as one of the three largest biodiesel producers in the country, it booked more than BRL2 billion in revenue last year.