29 Dec '14, 11am

Report: #Raízen to invest ~US$927M in #sugarcane #cellulosic #ethanol plants in Brazil over next 10 years

Report: Raízen to invest ~US$927M in sugarcane cellulosic ethanol plants in Brazil over next 10 years 29 December 2014 The Financial Times reports that Raízen, Shell’s joint venture in Brazil, will invest about R$2.5 billion (about US$927 million) on eight cellulosic ethanol plants using sugarcane bagasse, straw and leaves as feedstock before 2024 in an effort to increase its biofuel output by up to 50%. Its first second-generation ethanol plant, with an annual capacity of 40 million liters (10.6 million gallons US), began operation earlier this month. (Earlier post .) The company is targeting eventual production of second-generation ethanol of some 1 billion liters (106 million gallons US) per year. Raizen currently produces some 2 billion liters per year of first-generation sugarcane ethanol. The company is thus planning to increase its annual biofuel production by 50% w...

Full article: http://www.greencarcongress.com/2014/12/-the-financial-ti...

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