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New Biorefinery to Receive Billion-Dollar Investment and Nearly 3,000 New Jobs to Revolutionize Brazilian State

Written by Alisson Ficher
Published on 15/09/2024 at 11:04
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Inpasa Announces New Biorefinery, With Investment of R$ 1.2 Billion. The Plant Promises to Generate Thousands of Jobs and Revolutionize Ethanol Production in the State.

A Brazilian city is about to be the stage for an economic revolution, with the arrival of a giant project that promises to create nearly 3 thousand jobs and boost the local economy.

But this is just the beginning of a story that involves high technology, innovation in agribusiness, and a company that is solidifying its position as a leader in corn ethanol production in Latin America.

Inpasa, the largest producer of corn ethanol on the continent, recently announced the installation of its eighth biorefinery, marking a new chapter for the city of Luís Eduardo Magalhães in Bahia.

According to the company, the project will be essential not only for boosting agricultural production in the region but also for consolidating the city as a reference in technology and sustainability.

Large-Scale Economic Impact

According to Inpasa, the new biorefinery will have an estimated investment of R$ 1.2 billion, with a forecast to process 1 million tons of grains annually.

This will result in the production of 460 million liters of ethanol per year, as well as 230 thousand tons of high-protein feed (DDGS), 23 thousand tons of vegetable oil, and an impressive generation of 200 GWh per year of electricity.

These figures are substantial, but the economic impact goes far beyond that. The construction of the unit will generate 2.5 thousand direct jobs during the construction phase, in addition to more 450 permanent jobs once the biorefinery begins operations.

The city of Luís Eduardo Magalhães, already an important agricultural hub, will see a substantial change in its economy, which will become even more robust with the movement of over 10 thousand loads and 200 direct suppliers involved in the project.

Inpasa’s Expansion in Brazil and Latin America

Founded in Paraguay in 2008, Inpasa quickly made a name for itself in the renewable energy market, becoming the largest producer of corn ethanol in Latin America.

With two units in Paraguay and five operational in Brazil, the company already has the capacity to process 12 million tons of grains, producing 5 billion liters of ethanol annually, in addition to other by-products.

This expansion reflects confidence in the biofuels market, which has been gaining more space, especially in times of seeking cleaner energy sources.

The three plants in operation in Brazil are located in Mato Grosso (Sinop and Nova Mutum) and Mato Grosso do Sul (Dourados).

Additionally, Inpasa is building two more units, one in Sidrolândia, Mato Grosso do Sul, and another in Balsas, Maranhão, which, together, should further increase its production capacity.

Challenges and Goals of the New Unit in Bahia

Despite the impressive numbers, the company highlights some challenges for implementing the new unit in Luís Eduardo Magalhães.

According to an official statement, among the main points are the development of second-crop corn and sorghum cultivation, encouraging the use of plant-based proteins, and strengthening the biomass supply chain.

Another fundamental point is the encouragement of ethanol consumption in the state of Bahia, which will be essential for the project to reach its full potential.

Inpasa also intends to promote the development of the local supply chain, ensuring that the biorefinery brings benefits not only to the city but to the entire surrounding region.

Technology and Sustainability

The new Inpasa plant in Bahia will not only be an economic landmark but also an example of how technology and sustainability can go hand in hand.

As explained by Inpasa’s vice president, Rafael Ranzolin, in an interview with AgFeed, the company has been consistently investing in developing technologies that allow for more efficient and cleaner production.

The energy generated by the biorefinery, for example, will be exported to the electrical grid, contributing to the development of renewable energies in the country.

Another highlight of the plant is the production of by-products such as high-protein meal (DDGS) used in animal feed, which ensures that the unit maximizes input use, reducing waste and creating new business opportunities for the agricultural sector.

A Long-Term Project

The construction of the new unit in Luís Eduardo Magalhães is expected to begin in 2026, and the expectation is that it will already bring significant results from the beginning of its operations.

The company, which has already invested billions in other regions, reaffirms its commitment to sustainable development and creating value for the communities where it operates.

The new Inpasa unit will undoubtedly be a game changer for Bahia. Can this business model be replicated in other regions of Brazil? Or is Bahia the ideal location for Inpasa to continue its successful trajectory?

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Alisson Ficher

Jornalista formado desde 2017 e atuante na área desde 2015, com seis anos de experiência em revista impressa, passagens por canais de TV aberta e mais de 12 mil publicações online. Especialista em política, empregos, economia, cursos, entre outros temas e também editor do portal CPG. Registro profissional: 0087134/SP. Se você tiver alguma dúvida, quiser reportar um erro ou sugerir uma pauta sobre os temas tratados no site, entre em contato pelo e-mail: alisson.hficher@outlook.com. Não aceitamos currículos!

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