05 February 2013 23:27 [Source: ICIS news]
Recently, both companies said they will team up to produce ethanol and sell their own technology.
According to Carlos Eduardo Calmanovici, innovation and technology director at Odebrecht Agroindustrial, the company has been working on a "very ambitious growth strategy" that includes new ventures on second-generation ethanol technologies.
"Within this context, we made a partnership with Inbicon to jointly study and develop a solution of integration for first and second-generation ethanol," Calmanovici said.
The Brazilian company, which until recently was named ETH, has invested about Brazilian reais (R) 8bn ($4bn, €3bn) since its creation in 2007. It began a series of investments last year to expand its plants' capacities and to export ethanol.
By 2014, Odebrecht Agroindustrial plans to increase sugarcane milling capacity to 40 tonnes.
Among the regions the company plans to target are Africa and
According to Calmanovici, some of the second-generation technologies are known and promising, but they need to be viable from the economic aspect.
One of Odebrecht Agroindustrial's main challenges is finding a cheaper way to produce second-generation or cellulosic biofuels.
"First, we want to target the Brazilian market with a lower-cost second-generation ethanol, but we do want to target the international market as well. [This second-generation ethanol] needs to be more competitive in
($1 = R1.99; $1 = €0.74)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections