$540 million boosts Brazil’s ethanol sector
The Brazilian Innovation Agency, FINEP (Research and Projects Financing), and Brazil’s National Development Bank (BNDES) have entered into a new partnership to promote bioethanol development, establishing a programme which will provide up to $540 million (€438.9 million) in financing to the country’s biofuels sector.
With operations scheduled to begin on 30 July the project aims to promote innovation in the field of bioethanol.
The sums will be invested in technology projects over the next three to four years, which would advance the use of sugarcane, particularly bagasse and straw, to produce ethanol and new products such as polymers, special oils and biodiesel. This is an initial step toward the development of an industrial complex for ethanol in Brazil, following a similar model to that of Brazil’s petrochemical industry.
The goal of second generation ethanol is to double Brazil’s ethanol production capacity in the country without increasing the area necessary to plant sugarcane.
Second generation ethanol, produced from sugarcane bagasse and straw with the potential to be a breakthrough in the sugar and ethanol sectors in the next five years, is to be funded by BNDES.
The technology for manufacturing second generation ethanol is currently under analysis for economic viability.
With operations scheduled to begin on 30 July the project aims to promote innovation in the field of bioethanol.
The sums will be invested in technology projects over the next three to four years, which would advance the use of sugarcane, particularly bagasse and straw, to produce ethanol and new products such as polymers, special oils and biodiesel. This is an initial step toward the development of an industrial complex for ethanol in Brazil, following a similar model to that of Brazil’s petrochemical industry.
The goal of second generation ethanol is to double Brazil’s ethanol production capacity in the country without increasing the area necessary to plant sugarcane.
Second generation ethanol, produced from sugarcane bagasse and straw with the potential to be a breakthrough in the sugar and ethanol sectors in the next five years, is to be funded by BNDES.
The technology for manufacturing second generation ethanol is currently under analysis for economic viability.
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