Ethanol storage to benefit from loan in Brazil

Brazilian ethanol and sugar trader Copersucar has received a bank loan to invest in renewable fuel storage plans.

The $217.7 million (€164.9 million) will come via the Brazilian Development Bank’s PASS credit line, split between four lenders.

It is believed Copersucar traded around 1.2 billion of ethanol during the last harvest season, which accounts for 20% of Brazil’s total production.