Through the RenovaBio Program, BNDES Approves Financing of R$ 140 Million in Credits for FS Bioenergia and Alcoeste for Ethanol Production Expansion in São Paulo and Mato Grosso

Written by Ruth Rodrigues

Published on 10/03/2023 at 16:23

Updated on 10/03/2023 at 16:24

Fonte: FS Bioenergia

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BNDES Released R$ 100 Million for FS Bioenergia in Mato Grosso and Another R$ 40 Million for Alcoeste in São Paulo. Through the RenovaBio Program, the Bank Plans to Stimulate the Expansion of Ethanol Production in Both States.

Aiming to contribute to the national sugar-energy sector in the coming years, the National Bank for Economic and Social Development (BNDES) released last Friday (03/03) R$ 140 million in financing through RenovaBio. The companies FS Bioenergia and Alcoeste, located in Mato Grosso and São Paulo, respectively, will use the funds to expand their production capacity at the ethanol plants in both states over the next few months.

FS Bioenergia and Alcoeste Receive Million-Dollar Financing from BNDES’s RenovaBio Program for Investment in Infrastructure and Ethanol Production

BNDES has been seeking ways to support the national sugar-energy sector intensively for several years. Now, through RenovaBio, the bank announced another important initiative for the sector.

R$ 100 million in financing has been released for FS Bioenergia, an ethanol production company located in Mato Grosso. In addition, the São Paulo company Alcoeste received R$ 40 million from the bank for investments in the fuel production chain.

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After Credit Release for FS Bioenergia and Alcoeste, National Bank Projects Issuance of 3.4 Million RenovaBio Decarbonization Credits in One Year

In addition to boosting the Brazilian sugar-energy segment, BNDES also seeks to contribute to the decarbonization of the national industry.

With the R$ 140 million released for FS Bioenergia and Alcoeste, the bank expects to issue 3.4 million RenovaBio decarbonization credits within a year.

This would represent a 13% increase compared to current numbers. Each CBIO is equivalent to one ton of carbon that was not emitted in the production of biofuels.

The RenovaBio credits from BNDES are entirely linked to current ESG sustainability initiatives, helping to minimize the environmental impacts of the energy industry.

“The incentive for increasing energy-environmental efficiency in biofuel production aligns with the current government’s commitment to an effective environmental agenda, reestablishing RenovaBio as a fundamental tool for the decarbonization of our fuel matrix, generating incentives for suppliers and ensuring greater predictability for buyers,” highlighted Pietro Mendes, Secretary of Oil, Natural Gas and Biofuels of the Ministry of Mines and Energy.

Now, FS Bioenergia and Alcoeste have taken advantage of the support from the BNDES RenovaBio program to boost the ethanol sector in the states of MT and SP.

Through the RenovaBio Program, BNDES Approves Financing of R$ 140 Million in Credits for FS Bioenergia and Alcoeste for Ethanol Production Expansion in São Paulo and Mato Grosso

BNDES Released R$ 100 Million for FS Bioenergia in Mato Grosso and Another R$ 40 Million for Alcoeste in São Paulo. Through the RenovaBio Program, the Bank Plans to Stimulate the Expansion of Ethanol Production in Both States.

FS Bioenergia and Alcoeste Receive Million-Dollar Financing from BNDES’s RenovaBio Program for Investment in Infrastructure and Ethanol Production

After Credit Release for FS Bioenergia and Alcoeste, National Bank Projects Issuance of 3.4 Million RenovaBio Decarbonization Credits in One Year

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Through the RenovaBio Program, BNDES Approves Financing of R$ 140 Million in Credits for FS Bioenergia and Alcoeste for Ethanol Production Expansion in São Paulo and Mato Grosso

BNDES Released R$ 100 Million for FS Bioenergia in Mato Grosso and Another R$ 40 Million for Alcoeste in São Paulo. Through the RenovaBio Program, the Bank Plans to Stimulate the Expansion of Ethanol Production in Both States.

FS Bioenergia and Alcoeste Receive Million-Dollar Financing from BNDES’s RenovaBio Program for Investment in Infrastructure and Ethanol Production

After Credit Release for FS Bioenergia and Alcoeste, National Bank Projects Issuance of 3.4 Million RenovaBio Decarbonization Credits in One Year

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China has put millions of electric cars on the roads, but now faces the side effect: more than 1 million tons of batteries are expected to go out of use per year by 2030, while the government expands tracking and combats illegal dismantling with environmental risks.

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