The board of directors of Brazil’s São Martinho approved building a facility in Quirinópolis (GO) to produce ethanol from corn, with investments estimated at around R$ 640 million. The operations are expected to start in November 2022, said the company on Wednesday. The company also said that the new facility will be built alongside the Boa Vista mill, with the capacity to produce 210 million liters of biofuel per year, 100 million liters of anhydrous ethanol and 100 million liters of hydrous ethanol. It may also produce 150,000 tons of distiller’s dried grains with soluble (DDGS), a by-product used for animal feed, and 10,000 tons of corn oil per year. With the operations beginning in November 2022, the facility is expected to have 50% of its capacity for the 2022/23 harvest, reaching 100% in the 2023/24 harvest. The investments will be financed by the National Bank for Economic and Social Development (BNDES) for a period of up to 20 years.
Sources: Reuters/Nova Cana
*Translated by Ia Niani