29 October 2013 22:57 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazil development bank BNDES has approved financing of Brazilian reais (R) 145.9m ($66.9m, €48.2m) to sugar and ethanol company Usina Batatais, the bank announced on Tuesday.
The money will be used to install a dehydration tower to produce anhydrous ethanol at Usina's plant in the city of Lins in Sao Paulo state, the bank said.
When completed, the tower will have a 500 cubic metres (132,000 gal) of anhydrous ethanol capacity, the BNDES said.
About 6,406 hectares (15,817 acres) of sugarcane are expected to be planted at the Lins plant as a way to renew the company's sugarcane plantations.
BNDES said other investments by the company include an increase in white sugar production at a Sao Paulo city plant.
($1 = €0.72, $1 = R2.18)
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