Biofuel Producers Receive R$ 1 Billion Credit Line Established by BNDES

Written by Roberta Souza

Published on 09/02/2021 at 14:25

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The Objective of the BNDES Credit Line Is to Stimulate the Reduction of Emissions in the Sector

The National Bank for Economic and Social Development – BNDES, approved a credit plan of 1 billion reais for biofuel producers, aiming to stimulate the reduction of emissions in the sector. The program called BNDES RenovaBio allows biofuel producers to reduce interest rates if they meet the CO2 reduction targets set by the bank.

Renovabio Program:

Renovabio is a federal government program launched by the Ministry of Mines and Energy in December 2016, aimed at expanding the production of biofuels in Brazil, based on predictability, environmental, economic, and social sustainability, and compatible with market growth.

Loan and Interest:

Considering that the upper limit for each economic group is 200 million reais, the maximum value of each loan is 100 million reais per production unit. The total repayment period will be 96 months, including up to 24 months of grace period.

BNDES explained that if the client proves that they have met the planned CO2 emission reduction target after the grace period, interest rates may be reduced by up to 0.4%.

Biofuel Producers Receive R$ 1 Billion Credit Line Established by BNDES

The Objective of the BNDES Credit Line Is to Stimulate the Reduction of Emissions in the Sector

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Biofuel Producers Receive R$ 1 Billion Credit Line Established by BNDES

The Objective of the BNDES Credit Line Is to Stimulate the Reduction of Emissions in the Sector

See Also Other News of the Day:

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

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