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Cerradinho Bioenergia Secures Financing From BNDES Aimed at Implementing a Biofertilizer Factory in Chapadão do Céu (GO) and Infrastructure for Grain Storage at the New Plant of the Group Located in Maracaju (MS).
The Board of Directors of Cerradinho Bioenergia met last Monday, (01/16), to approve a new financing from the company in partnership with the National Bank for Economic and Social Development (BNDES). The meeting’s record was sent to the Securities and Exchange Commission (CVM). The loan request was established by the Board of Directors, where the amount will be used for projects related to a biofertilizer factory and a grain storage plant.
With an Eye on New Horizons, the Company Will Invest the Financing Approved by BNDES in Two Projects: A Biofertilizer Factory and a New Grain Plant
According to the document, the total amount of financing is R$ 40 million. This amount, however, will be divided between two projects.
The amount of R$ 21.18 million, the largest part of the financing, will be destined for establishing Cerradinho’s biofertilizer factory in Chapadão do Céu (GO), which will have a production storage capacity of up to 22,77 thousand tons.
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On the other hand, the remaining financing amount of R$ 18.82 million will be allocated to the establishment of a corn storage silo.
With a capacity of 210 thousand tons at the Neomille subsidiary’s unit in Maracaju (MS), which is still under construction. However, the amount will have two distinct sources.
Part of the remaining financing amount, R$ 10 million, corresponds to rural credit with controlled resources under the 2022/23 Safra Plan, and the other part, R$ 8.82 million, comes from ordinary resources from BNDES.
Still referring to the document, all board members were present as witnesses and unanimously authorized the financing. The amount will be raised in the form of bank credit notes signed by Cerradinho and Neomille via BNDES.
The paperwork will be secured by the transfer of a property from Neomille in Serranópolis (GO).
Learn More About Cerradinho Bioenergia
Cerradinho Bioenergia is a company located in Chapadão do Céu (GO) that focuses on agricultural activities, production, and trade of ethanol from sugarcane and corn. In addition to programs aimed at the commercialization of energy and products for animal nutrition using corn as raw material.
Its mission is to produce sustainable ethanol and energy with absolute quality and profitability.
It promotes and supports social, educational, health, and housing projects for surrounding communities, promoting various development programs, training, and qualification of the workforce, both for its employees and for the communities, generating jobs and income.
Thus, Cerradinho Bioenergia is in constant pursuit of improvement with a focus on excellence, humanism, competence, integrity, ethics, commitment, pioneering spirit, innovation, sustainability, and safety.
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