13 September 2013 15:45 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazil development bank BNDES has approved a Brazilian reais (R) 207.7m ($91.1m, €68.3m) loan to ethanol producer Raizen to build a cellulosic ethanol plant in the city of Piracicaba in Sao Paulo state, BNDES said on Friday.
Construction and start-up of the 40m litre/year (10.6m gal/year) plant is expected to be completed by 2015, BNDES said.
Cellulosic ethanol, also known as second-generation ethanol, will be integrated into the process of regular ethanol production and will include the phases of pre-treatment, enzymatic hydrolysis, fermentation and purification, BNDES said.
Raizen is a joint venture between Brazil Cosan and global energy giant Shell.
($1 = €0.75; $1 = R2.28)
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