Camera to invest $11m in Brazilian biodiesel catalyst plant

27 March 2012 20:58  [Source: ICIS news]

BOGOTA (ICIS)--Brazilian agricultural company, Camera Agroalimentos, plans to build a reais (R) 20m ($11m, €8.3m) plant to make sodium methylate, a catalyst used in biodiesel production, the company said on Tuesday.

The plant, which will initially produce 15,000 tonnes/year of sodium methylate, will open by next year, the company said.

Camera expects Brazil to double the amount of biodiesel it requires oil companies to blend with regular diesel fuel, rising from 5% to 10% by 2020. The increase is intended to diversify the nation's energy supply and cut fossil fuel imports, according to the company.

Camera, which owns two biodiesel plants in the Brazilian state of Rio Grande do Sul, will use a percentage of the new catalyst plant’s output internally and will sell the remainder to nearby producers.

Camera is evaluating Porto de Estrela, Rio Grande do Sul, as a possible location for the plant.

($1 = R1.81)
($1 = €0.75)

By: Leela Landress
+1 713 525 2653

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