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BNDES approves BRL 80 million financing for Uisa's biomethane and electricity production project in Mato Grosso

Written by Ruth Rodrigues
Published 10/01/2023 às 19:36
The BNDES will support the development of an industrial plant for the production of biomethane and electricity in the state of Mato Grosso. The Uisa company will thus ensure even greater growth for the biogas market in the region and throughout Brazil.
Source: Money Times

The BNDES will support the development of an industrial plant for the production of biomethane and electricity in the state of Mato Grosso. The Uisa company will thus ensure even greater growth for the biogas market in the region and throughout Brazil.

The biofuel company Uisa Geo Biogás started its activities in 2023 with great results for its future ventures. Last Wednesday (04/01), the National Bank for Economic and Social Development (BNDES) announced the approval of a R$ 80 million financing for a company project. It is about a production plant of biomethane and electricity in Nova Olímpia, in the Mato Grosso do Sul region, which will contribute to the growth of biofuels throughout the country.

Uisa project for the construction of a new biomethane production plant will be financed by BNDES with R$ 80 million expected in investments 

The biofuels market in Brazil is becoming increasingly relevant in the national economic scenario, with several investors looking at potential projects.

Among them is BNDES, which finances and supports projects in several industrial areas of the country to guarantee national development.

Now, the bank has announced a BRL 80 million loan for a biomethane project by Uisa.

The undertaking foresees the construction of a biomethane and electricity production plant in the region of Nova Olímpia, Mato Grosso, using sugarcane residues to maintain the plant.

In its first phase, the plant will annually produce up to 11,4 million Nm³ (Normal Cubic Meters) of biogas and up to 32 MWh (megawatt hours) of electricity.

The BNDES and the company Uisa hope that the project will be able to serve areas not yet covered by the national gas network with the distribution of biomethane.

Biomethane will also be used to replace diesel in part of the fleet of trucks at Uisa (formerly Usinas Itamarati), one of the venture's partners, and the electricity will supply the unit's own demand, and may also be exported.

Strategically, the Uisa plant is being built next to the sugar and ethanol production facilities, thus ensuring easier disposal of operational waste to the new unit.

This is yet another initiative that will encourage the development of the biofuel market throughout Brazil, reinforcing its relevance in the energy segment's environmental commitment.

In addition to biomethane and electricity, Uisa's new plant with financing from the National Bank will have the capacity to produce fertilizers

One of the great differentials of the project supported by the BNDES for the production of biomethane is that the processes can take place regardless of the sugarcane harvest and off-season, as the technology used will be anaerobic digestion.

In this way, it will be possible to process waste that can be stored, without the loss of organic matter. This will ensure even more constant and safe production throughout the year at the Uisa plant.

In addition to the production of biomethane and electricity, the biogas company's project also provides for the production of fertilizers at the plant.

These products will be entirely destined to UISA for use in the sugarcane plantations, in return for the supply of industrial residues.

The total investment for the development of the biomethane project is R$ 243,5 million. In this way, the R$ 80 million financed by the BNDES represent around 33% of the total investment, guaranteeing strong support for the business.

The expectation is that the project will also contribute to the reduction of greenhouse gas emissions.

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Ruth Rodrigues

Graduated in Biological Sciences from the State University of Rio Grande do Norte (UERN), she works as a writer and scientific disseminator.

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