13 October 2011 21:39 [Source: ICIS news]
SAO PAULO (ICIS)--The VTT Technical Research Centre of Finland is interested in investing in Brazilian bioresearch projects, Brazilian business intelligence firm Maxiquim said on Thursday.
VTT could invest in projects related to the transformation of biomass into chemical products and polymers as well as biofuels, Maxiquim said.
The research centre did not reveal the amount that could be invested, however,
VTT executives were not immediately available for comment.
According to Maxiquim, VTT would be interested in investing in Brazil’s biomass development centre to be installed in Piracicaba, Sao Paulo state.
The centre, which will cost Brazilian reais (R) R80m ($45m, €32m) is being developed by the National Development Bank BNDES, the country’s Technology Research Institute (IPT) and other institutions and private companies, Maxiquim said.
The research centre will study the possibility of extracting gas from sugarcane bagasse to produce biopolymers.
According to Maxiquim, global production of bio-plastics reached 714,000 tonnes in 2010 and could reach 1.5m tonnes by 2015.
VTT Technical Research Centre of Finland is a globally technological contract research organisation.
($1 = R1.75) ($1 = €0.72)
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