Infinity Bio-Energy takes $75 million stake in Brazilian ethanol projects

In Brazil, Infinity Bio-Energy Ltd has acquired a $75 million stake in Disa Overseas, with the capital to be used for construction of two new sugar cane processing and ethanol plants, and a 30 MW power plant in Itaunas, in Espiritu Santo province.

Recently, the president of the sugar producers industry association (UNICA), Marcos Jank, said that bagasse could supply up 11.5 terawatts, or up to 15 percent of Brazil’s electricity by 2015.

Bagasse is the waste biomass left over from sugar extraction. Today, the sugar industry supplies 1.6 terawatts, or about 2 percent of the country’s electricity needs. Jank said that burning more bagasse to generate electricity would complement the country’s hydroelectric projects because sugar cane harvests occur during the dry season, when hydro plants produce less power owing to reduced water levels.

Brazilian conglomerates such as Odebrecht are increasingly focused on the benefits of investment in co-generation projects. Obebrecht will invest $581 million, via its ETH Bioenergia subsidiary, in three ethanol plants in Mato Grosso do Sul state. The plants will have a combined capacity of 15 million tons of sugarcane. The plants will manufacture sugarcane, ethanol and will produce energy from sugarcane bagasse.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Infinity BioEnergy takes over Sugar Company of Jamaica; Brazilian group to increase ethanol production

In Jamaica. the Brazilian biofuels conglomerate Infinity BioEnergy announced that it will acquire the Sugar Company of Jamaica. The government of Jamaica, which has lost $283 million since purchasing ...

Infinity Bio-Energy to acquire ethanol projects in Brazil for $192 million

Infinity Bio-Energy has acquired sugarcane ethanol facilities in Brazil that will generate 30 megawatts in power for $192 million.  The deal to acquire the Brazilian assets of Disa will include acq...

Japan’s Sojitz company takes 33 percent stake in Brazil’s ETH Bioenergia

In Japan, Sojitz agreed to acquire a 33 percent stake in ETH Bioenergia for $80 million. ETH Bioenergia, a subsidiary of Oldebrecht, will produce 259 Mgy of ethanol. Earlier this month, Oldebrecht ...

Bunge buys 60 percent stake in Brazilian sugar, ethanol, power operation

In Brazil, Bunge announced that, through its Brazilian subsidiary Bunge Alimentos, it purchased a 60 percent stake in the 1.4 million tonne Monteverde Agroenergetica mill, under construction in centra...

Infinity Bio-Energy leases 31,000 hectares from Jamaica for $1.55 million to augment sugar production at five mills

In Brazil, Infinity Bio-Energy said that it will pay Jamaica $50 per hectare for 31,000 hectares, or $1.55 million per year in lease payments, for cane land adjacent to five sugar factories it purchas...

Acquisition of Sugar Company of Jamaica, Petrojam ethanol plant by Brazil’s Infinity BioEnergy fails

In Jamaica, the national government announced the collapse of negotiations with Brazil's Infinity Bio-Energy over the sale of the state-owned Sugar Company of Jamaica (SCJ) and the associated Petrojam...