Brazil’s BNDES provides $163 million in financing for ethanol project

January 13, 2025 |

In Bulgaria, Renewables Now reported that Brazil’s National Social and Economic Development Bank (BNDES) approved $163 million in financing for the construction of a plant for the production of second-generation cellulosic ethanol (E2G) by Raizen.

The report noted that Raizan will build a plant with a capacity of 82 million liters of cellulosic ethanol per year at the Andradina municipality, Sao Paulo state.

The national capacity for 2G ethanol production could reach 440 million liters of biofuel, considering Raizen’s six plants, BNDES noted.

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Category: Fuels

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