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Planalto Bioenergia Invests R$ 1.8 Billion in Corn Ethanol Plants in Goiás, Boosting Sustainable Production in Brazil.
Planalto Bioenergia, a company formed by rural producers from the Midwest, announced an investment of R$ 1.8 billion in the construction of two corn ethanol plants in Goiás. The decision came after nearly three years of studies and analyses, aiming to expand biofuel production in the state. The new plants will be built in the cities of Formosa and Cristalina, strategic regions for corn and sorghum cultivation. The plants will feature advanced technology and already have preliminary licenses approved. The construction is expected to begin in 2025, with operations anticipated to start in 2026.
Investments in Corn Ethanol Plants in Brazil
Corn ethanol has gained traction in the Brazilian energy matrix in recent years.
Planalto Bioenergia is betting on the growth of this biofuel type with the two new plants, which will have an initial capacity to process 1,500 tons of corn daily. This will allow for an annual production of 200 million liters of ethanol.
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In addition to ethanol, these plants will also produce 140,000 tons of DDG (distillers dried grains, a plant protein concentrate for animal nutrition) and 9,000 tons of corn oil, products that have guaranteed domestic and export markets.
Another advantage of these plants is the generation of 36.8 gigawatt-hours of energy per year, a byproduct of ethanol production.
The company expects that the plants will be expanded in the coming years to double processing capacity, depending on market performance and the supply of raw materials, such as corn and sorghum.
Strategic Location of the Ethanol Plants
The choice of the cities of Formosa and Cristalina was not by chance. These regions stand out for grain production, such as corn and sorghum, and have a good supply of biomass for energy generation.
Another important factor was the offer of tax incentives from the state of Goiás, which has proven to be a favorable environment for the installation of new biofuel plants.
Rangel emphasized the importance of the plants’ strategic location for the investment project. Goiás is in the center of the country, facilitating the flow of production to different markets.
Cristalina, for instance, has easy access to the Southeast, which is one of the largest consumer regions of ethanol, while Formosa can serve the Northern Arc, a strategic region for exports.
Moreover, logistics for transporting ethanol and its byproducts are also facilitated by the proximity of highways and ports, allowing the product to reach consumer markets more quickly.
Looking Ahead to the Future of Sustainable Fuel
Planalto Bioenergia is aligned with the trends of the global biofuel market.
The company expects to benefit from regulatory changes and incentives aimed at the Fuel of the Future, a bill intended to stimulate the production of more sustainable fuels in Brazil.
Corn ethanol is seen as a product with low environmental impact, especially regarding carbon emissions.
Additionally, the company is already evaluating the potential for production diversification, using sorghum in the plants, which could help ensure operational consistency throughout the year.
Sorghum is a crop that has been growing in Brazil and can be an alternative to corn in some harvests.
Another innovative aspect that Planalto plans to introduce is the use of photovoltaic energy in the plants.
The CSP (Concentrated Solar Power) technology, which uses mirrors to concentrate solar energy in a central tower, could be applied in a second phase of the project, reducing dependence on biomass for energy generation and further decreasing the carbon footprint of operations.
Rangel also mentions that the company is looking at opportunities to supply ethanol for the production of sustainable aviation fuel (SAF), a market that has been growing with the demand for cleaner energy solutions in the aviation sector.
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