BNDES Prepares New Financing Line Linked to Carbon Footprint for Ethanol Plants

Written by Roberta Souza

Published on 03/11/2020 at 14:32

Updated on 03/11/2020 at 14:33

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The Objective of This BNDES Program Is to Improve the Energy-Environmental Efficiency Rating of Ethanol Plants to Reduce Carbon Emissions

The BNDES – National Bank for Economic and Social Development is preparing a new financing channel whose interest rate is linked to the improvement of the “carbon footprint” of ethanol production plants, and it may be launched by the end of this year. The aim is to raise the levels of energy and environmental efficiency of the plants approved by the RenovaBio program, which came into effect this year.

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The program was announced by Mauro Mattoso, head of the Agribusiness and Biofuels Department at the bank, during a speech at a virtual event hosted by the consultancy Datagro. The bank is considering offering initial costs related to TLP – long-term rates, Selic, or fixed costs.

When contracting resources from the production line, BNDES must set a goal for the development of the invoice – if this goal is met, the producer will receive discounts on interest rates.

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On the other hand, plants that exit RenovaBio and do not renew their program certification, which must be done every three years, will face increased costs, he said.

According to Mattoso, the agency will not evaluate the projects of the plants to improve their rating. Thus, the plant will be able to use the resources even for raw material production if it indeed influences the improvement of its efficiency rating.

The new line from the National Bank for Economic and Social Development will be accessible by production unit and will have limits per plant and per controlling economic group. Payment must be made immediately upon entry.

BNDES Prepares New Financing Line Linked to Carbon Footprint for Ethanol Plants

The Objective of This BNDES Program Is to Improve the Energy-Environmental Efficiency Rating of Ethanol Plants to Reduce Carbon Emissions

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