|
Environmental Protection and Energy
Sustainability
|
|
Read up to date
news on:
Renewable Energy
Climate Change
Weather
Earthquakes & storms
You can also visit:
Environmental News
The
Archived News
|
|
Petrobras Biocombustível & Grupo São
Martinho to invest US$ 520.7 million in ethanol
Petrobras Press release of August 17, 2011
|
|
|
Get a copy of
Clean Energy Fuels - A new book on Renewable Energy Fuels.
|
Petrobras Biocombustível and Grupo São Martinho, through
Nova Fronteira, announces an investment plan worth US$520.7 million aimed
at expanding the milling capacity of the Boa Vista plant to 8 million tons
of sugarcane from the 2014/2015 season.
The unit, which is located in the municipality of
Quirinópolis in Goiás has gradually increased its sugarcane processing
capacity since its inauguration in 2008. 2 million tons of sugarcane was
milled for the 2010/2011 harvest, with 2.3 million tons for the 2011/2012
harvest.
Of the amount to be invested, R$430.5 million will
go towards the purchase of industrial equipment and R$90.2 million
for agricultural equipment. Upon completion of the expansion,
scheduled to take place in 2014, about 70% of the total production
of the unit will come from own sugarcane.
From this investment, the Boa Vista plant will
produce 700 million liters of ethanol, with an annual cogeneration
of 600 000 MWh of electricity, which will make it the largest unit
dedicated exclusively
|
|
to the production of ethanol from sugarcane in the
world. In addition, 3,000 jobs, both direct and indirect,
will be generated in the region of Quirinópolis.
For Petrobras Biocombustível CEO Miguel Rossetto,
"this great project should mark the beginning of a new cycle of
investment in ethanol production for the country."
"The investments are essential to boost our
production capacity and thereby increase the supply of ethanol in
the market," said Fabio Venturelli, CEO of Nova Fronteira
Bioenergia S.A.
The schedule of planned investment:
|
Year
|
Value in R$
|
Milling capacity
(million tons)
|
|
2012/13
|
R$179.6 million
|
3.4
|
|
2013/14
|
R$326.1 million
|
4.0
|
|
2014/15
|
R$15.0 million
|
8.0
|
|
Total
|
R$520.7 million
|
|
About
Petrobras Biocombustível
The Petrobras subsidiary has been operating in
biofuel production since July 2008. In the ethanol sector, the
company currently has interests in Nova Fronteira Bioenergia (GO),
in Guarani (SP), and in Total Agroindústria Canavieira (MG).
At the end of 2010, Petrobras Biocombustível held
interests in ten plants, with a milling capacity of 24.5 million
tons of cane, producing 942,000 m3 of ethanol and exporting of 517
GWh of electricity (power generation from sugarcane bagasse). The
2011-2015 Business Plan forecasts that investments of US$1.9
billion in ethanol production and a goal of reaching volumes of
5.6 billion liters in 2015 (with partners) and a 12% national
market share.
About
Grupo São Martinho
Grupo São Martinho is among the largest sugar and
ethanol groups in Brazil with a milling capacity of 14 million
tons of sugarcane.
It has three operational plants: São Martinho in
Pradópolis (Ribeirão Preto, SP); Iracema in Iracemápolis (a region
of Limeira, SP) and Boa Vista (Quirinópolis, 300 km from Goiânia,
GO). The average rate of mechanized harvest is 87.1%, reaching
100% in Usina Boa Vista. |
|
|
|
|
Return to: Environmental
News |
|
Copyright © 2006
Environmental
Business
|
|