31 May 2012 16:35 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazil biodiesel producer BioVerde plans to increase its production by 800m litres/year by 2013, the company’s president said.
The company plans to increase its production from 181m litres/year to 981m litres/year by 2013, when two new biodiesel plants will be operating at full capacity.
BioVerde president Ailton Domingues said on Wednesday the company has a plant in the city of Sorocaba, in the state of Sao Paulo, which is ready to increase production in two phases.
For each phase, the plant can produce an additional 400m litres/year of biodiesel.
With another facility in Taubate, in the state of Sao Paulo, which produces 181m litres/year of biodiesel, BioVerde will then be able to increase production to 981m litres/year, Domingues said.
In 2011, the company said it expected to reach 40% of the European market.
Domingues said Europe still could absorb biodiesel from Brazil.
“Europe is a great market, which consumes five times more [biodiesel] than Brazil”, he said.
By increasing its biodiesel production, BioVerde is also seeking to address the domestic market, he said.
According to Domingues, construction at the Sorocaba facility should be finished in the second semester of 2012.
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