OLFAR PLANS TO PRODUCE ETHANOL FROM SOY IN 2024

Olfar, one of the largest biodiesel manufacturers in Brazil, which already operates in Araguari (MG), Mexico, and Sorriso (MT), may soon add a third plant for soy ethanol. The unit must combine the concentrated protein of the grain with soy molasses, a compound that is typically used in animal feed but has little market value. Olfar will be able to produce up to 12 million liters of ethanol annually by turning 15 tons of soybean meal into 1,000 liters of ethanol. Olfar’s ethanol might be used to supply the industry with about 50% of its production; the remaining 50% might be sold to other businesses or used as fuel.

Sources: Valor Econômico/Nova Cana (*Translated by Ia Niani)