13 July 2011 21:29 [Source: ICIS news]
PORTO ALEGRE, Brazil (ICIS)--Brazil-based BioVerde Industria e Comercio de Biocombustiveis plans to produce specialty chemicals along with biodiesel at its plant in Soracaba, Sao Paulo, the president said on Wednesday.
In December, BioVerde should begin biodiesel production at the Sorocaba plant, which will have a capacity of 400,000m3/year.
In 2013, BioVerde should start specialty chemicals production the Soracaba plant, which will have a capacity of 100,000m3/year. The specialty chemicals portion will cost reais (R) 150m ($95m, €67m).
The company is currently producing biochemicals at its plant in Taubate.
"We have a product called BioVerde, which is based on soy methyl ester, a biodegradable product which may be a substitute for mineral oils in some chemicals such as solvents, dyes, lubricant components, as well as de-molding agents for the foundry and concrete industries," he said.
The executive says these products are already being sold in Brazil. "The sales are not impressive, but BioVerde wants to grow," he said.
Domingues said BioVerde is investing in research with other companies as a way to seek new formulations to substitute mineral-based chemicals for vegetable-based ones
"Pesticide producers spend $7bn/year on an oil-based additive that BioVerde plans to make from soy," he said.
Last year, the company sold about 15m litres of bio-chemicals that it produced at the plant in Taubate.
"Once Sorocaba's plant is finished, we will be able to convert vegetable oils into 100m litres a year of chemicals for industrial applications", he said.
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