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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