BioVerde ramps up biodiesel production
In Taubate, Brazil, biofuel producer BioVerde Industria e Commercio de Biocumbustiveis SA is to purchase Companhia Petroquimica do Nordeste (Copenor) for 23.5 million reais (€10.3 million).
The acquisition comes as BioVerde aims to dramatically increase its biodiesel production capacity 14 times over by Q4 2011. By June 2012 the company wants to be producing 1.2 billion litres of biodiesel.
In order to reach this goal the company is also due to invest an additional 55 million reais in a 200,000m2 industrial plant.
BioVerde’s production facility in Taubate alone has the ability to make 83 million litres of biodiesel annually.
‘With this investment we are completing the business plan to become the main biodiesel producer in the country after Petrobras,’ said Ailton Domingues, board member and head of capital markets at Trendbank.
The acquisition comes as BioVerde aims to dramatically increase its biodiesel production capacity 14 times over by Q4 2011. By June 2012 the company wants to be producing 1.2 billion litres of biodiesel.
In order to reach this goal the company is also due to invest an additional 55 million reais in a 200,000m2 industrial plant.
BioVerde’s production facility in Taubate alone has the ability to make 83 million litres of biodiesel annually.
‘With this investment we are completing the business plan to become the main biodiesel producer in the country after Petrobras,’ said Ailton Domingues, board member and head of capital markets at Trendbank.
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