JBS to invest $47.5 million in Brazilian biodiesel plant
Brazilian meat processing company JBS plans to invest in a biodiesel plant through its processed foods unit, Seara Alimentos.
Seara will invest R$180 million ($47.5 million; €42.6 million) in a new plant, which will convert fat and scraps from pork and poultry into biodiesel, Reuters reported.
The new plant will be located in Brazil’s Santa Catarina state, and will double JBS’s current biodiesel capacity to over 600 million litres per year.
“By 2023, the RenovaBio [Brazil’s new national biofuels policy] will require a 15% biodiesel mix in the diesel,” Alexandre Pereira, director JBS Biodiesel director, told Reuters. Currently the required fuel blend is 10%.
JBS currently operates two biodiesel plants in Brazil, which predominantly use bovine fat as feedstock.
Seara will invest R$180 million ($47.5 million; €42.6 million) in a new plant, which will convert fat and scraps from pork and poultry into biodiesel, Reuters reported.
The new plant will be located in Brazil’s Santa Catarina state, and will double JBS’s current biodiesel capacity to over 600 million litres per year.
“By 2023, the RenovaBio [Brazil’s new national biofuels policy] will require a 15% biodiesel mix in the diesel,” Alexandre Pereira, director JBS Biodiesel director, told Reuters. Currently the required fuel blend is 10%.
JBS currently operates two biodiesel plants in Brazil, which predominantly use bovine fat as feedstock.
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