Raizen to build 2 new cellulosic ethanol plants

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Type of post: NEWS IN BRIEF.

Brazilian sugar-maker Raizen has approved an investment to build two second-generation ethanol plants, as part of the company’s strategy to expand its portfolio of renewable fuel.

The new plants, which are going to be located in its energy parks in Sao Paulo state, will add a capacity of 164 thousand cubic meters of biofuel per year and are expected to start operation in 2024. The company already operates one second generation ethanol plant and is in the construction phase of another. All four plants will have total capacity of 280 thousand cubic meters per year, of which 80% was already commercialized in long-term contracts.

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