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The Company Specializing in Ethanol Production and Other Products Made from 100% Corn Decided to Expand Its Extension Project and, Besides the New Factory to Be Inaugurated in 2023, FS Also Plans to Install Three More Factories in Mato Grosso
The first and largest ethanol producer in Brazil, FS, which uses 100% corn both in the production of ethanol and in the manufacturing of its other products, such as animal nutrition and electricity, announced this week that it will build its third factory in Mato Grosso, which will be located in Primavera do Leste.
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New Factory, More Job Creation and Income for Mato Grosso
The new factory in Primavera do Leste will be built in two phases, and the estimated investment is R$ 2.3 billion. During the construction phase of the factory, about 8,000 indirect jobs will be created, and an additional 500 direct and indirect jobs when the factory is operational.
At the location where FS’s ethanol factory will be built, 585 million liters of ethanol will be produced each year, due to the total capacity of the new plant. The ethanol factory is expected to open in 2023. According to Rafael Abud, CEO of FS, Primavera do Leste in Mato Grosso is a region of utmost importance for FS because it is strategically well-located and has a plentiful supply of corn.
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The CEO also highlighted that the company is already in negotiations with local producers for the purchase of corn, which will supply the first production crop of the new factory.
FS’s Expansion Adds More Potential to the Brazilian Ethanol Market
Currently, with the two largest ethanol plants in the country, which produce with 100% corn in the cities of Lucas do Rio Verde and Sorriso, also in Mato Grosso, FS already has more than 1.4 billion liters of initial production capacity per year. When the Primavera do Leste factory is inaugurated, FS will reach a production capacity of 2 billion liters of ethanol annually, becoming one of the four largest ethanol producers in the country.
The investment plan forecasts that three more factories will be established by 2026, all within the state of Mato Grosso, which will allow the company to reach a production capacity of 5 billion liters of ethanol per year.
Learn More About FS Company
FS Indústria de Biocombustíveis is the first Brazilian industry to produce ethanol, animal nutrition, and bioenergy 100% from corn. The company was born from the union of two groups with an entrepreneurial vision: Summit Agricultural Group, an investment fund based in the United States that had ties to the production of American corn ethanol, and Tapajós Participações S/A, which already had great experience in Brazilian agribusiness.
The company focuses on sustainable projects, considered the new agricultural frontier of Brazil, producing renewable energy and products for responsible animal nutrition that supply the productive chains.
