BNDES finances Dual for $15.4M biodiesel expansion
In Brazil, the National Bank for Economic and Social Development (BNDES) approved allocates R$ 84.9 million for Dual to expand the capacity of its biodiesel plant in Pedra Preta, going from the current 187.5 million liters/year to 375 million liters/year. The operation will be made possible with R$ 32.6 million from the BNDES Finem line and R$ 52.3 million from the Climate Fund. Linked to the Ministry of Environment and Climate Change (MMA) and operated by the BNDES, the Climate Fund supports solutions that contribute to the transition to a low-carbon economy.
The amount approved for financing represents 94.5% of the total amount of R$ 89.8 million that will be invested by Dual in the project. The company estimates that, during the execution of the works, 40 indirect jobs will be generated.
The biodiesel plant uses as inputs the oils from soybeans and cotton lump processed in the industrial plants of Dual in Pedra Preta and Campo Novo do Parecis (MT). The project foresees the increase of the total crushing capacity of soybeans and cotton stone from 600 tons/day to 1,000 tons/day and the reduction of the average cost of processing, in addition to a greater supply of oil to meet the increase of biodiesel production.
The positive environmental impact resulting from the expansion of the biodiesel plant was estimated using a tool developed by BNDES together with the Getúlio Vargas Foundation (FGV). For the projected additional capacity of 187.5 million litres per year, a potential reduction of 359.5 thousand tons of carbon dioxide equivalent (tCO2e) per year in greenhouse gas emissions is estimated, reflecting the project’s contribution to the transition to a more sustainable energy matrix.
Category: Fuels
