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New Ethanol Plant to Be Built in Brazil! 3tentos Company Secures R$ 500 Million from BNDES to Invest in New Facility

Written by Ruth Rodrigues
Published on 06/11/2024 at 19:52
Updated on 06/11/2024 at 19:53
3tentos realiza empréstimo de R$ 500 milhões do BNDES para implantar usina de etanol em Mato Grosso e acelerar sua expansão no setor agro.
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3tentos Takes Out Loan of R$ 500 Million from BNDES to Install Ethanol Plant in Mato Grosso and Accelerate Its Expansion in the Agricultural Sector.

3tentos, a company focused on the biofuels and agribusiness sector, obtained an important loan of R$ 500 million from the National Bank for Economic and Social Development (BNDES). The funds will be used for the construction of a new ethanol plant in the municipality of Porto Alegre do Norte, in Mato Grosso, a region known for its strong agricultural vocation. The installation of the ethanol plant is part of a major expansion plan by 3tentos, which aims to increase its operations and production in the coming years.

Ethanol Plant: The Crucial Role of BNDES Loan in 3tentos’ Growth

3tentos had already announced that the construction of the ethanol plant would be one of the pillars of its growth, with the new facility expected to begin operations in 2026.

With the loan of R$ 500 million from BNDES, the company will continue its investment strategy.

The plant will be designed to produce 935 thousand liters of ethanol per day, as well as 587 tons of DDG (corn distillers grains) and 37 tons of corn oil daily.

This ethanol plant project is a milestone in 3tentos’ growth, as the company plans to invest R$ 2 billion over the next few years, with a significant portion of this amount allocated to the construction of the new facility.

The financing from BNDES, with a term of 180 months and a grace period of two years, ensures 3tentos’ continuity of the ethanol plant project, strengthening its operations in Brazil.

The company has committed to securing the loan with real estate and guarantees from top-tier financial institutions.

The choice of Mato Grosso for the construction of the plant is strategic, as the region provides ideal conditions for agricultural production, especially corn, which is an essential raw material for ethanol.

3tentos’ Investments and Expansion Focused on Ethanol Plants

In addition to the BNDES investment, 3tentos plans to further expand its operations. The plan includes not only the construction of the plant but also an investment of R$ 480 million to enhance its existing activities and an additional R$ 280 million to expand its store network.

With these investments, 3tentos aims to establish itself as one of the main players in the biofuels sector, with 100 units planned by 2030.

The construction of the ethanol plant is just one of several initiatives by 3tentos, which will also invest R$ 200 million in the Mirituba Terminal, in partnership with Caramuru.

This terminal, which will be operated by a joint venture, will be crucial for the distribution of products derived from the new unit and other areas of the company.

BNDES and Support for the Plant Sector in Brazil

The financing of the 3tentos ethanol plant is not an isolated case. BNDES has increasingly shown its willingness to support the biofuels sector in Brazil, with an emphasis on ethanol plants.

Recently, the bank also released R$ 500 million for the construction of a corn ethanol plant in partnership with the Coamo cooperative in Paraná. Additionally, other units, such as those of Alvorada Bioenergia and Be8, have also received funds from BNDES.

These investments in new units are part of BNDES’s strategy to encourage the biofuels sector in Brazil, promoting the use of cleaner and more sustainable energy.

The construction of corn and wheat ethanol plants has gained prominence as these alternative sources of ethanol are seen as more sustainable and efficient in the production process.

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Ruth Rodrigues

Formada em Ciências Biológicas pela Universidade do Estado do Rio Grande do Norte (UERN), atua como redatora e divulgadora científica.

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