Brazil GraalBio plans to invest $146m in cellulosic ethanol plant

24 May 2012 17:21  [Source: ICIS news]

HOUSTON (ICIS)--Brazilian biofuels firm GraalBio plans to invest Brazilian reais (R) 300m ($146m, €117m)  to build the country's first cellulosic ethanol plant, the company said on Thursday.

The plant, which will have 82m litres/year (22m gal/year) of capacity, will be built in Brazil's northeastern state of Alagoas.

It will initially run using bagasse, a sugarcane crush residue, and straw as a feedstock, GraalBio said.

The construction of the plant is scheduled to begin in July while the start-up is planned for the fourth quarter of 2013, the company added.

Cellulosic ethanol is the same as corn or sugarcane ethanol, except that it is made from non-edible feedstocks, including switch grass, wood chips, corn cobs and bagasse.

($1 = €0.80)

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By: William Lemos
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