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8.11.08
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BNDES approves R$ 128m credit for biodiesel production in Mato Grosso do Sul
BNDES approved R$ 128m financing for BBE – Brasil Bioenergia S.A. to build an integrated unit to extract vegetal oil and produce biodiesel, in Nova Andradina, Mato Grosso do Sul. The project will generate 140 direct jobs and around 3 thousand indirect employment opportunities. The amount corresponds to 80% of the total investment, around R$ 160 million.
BNDES’ funds will be given through the financing facility for renewable energy infrastructure projects intended to diversify the Brazilian energy matrix, in order to contribute to national self-sufficiency in the sector and foster the production of renewable and more environmentally friendly fuels.
The project will create around 140 new direct jobs and about 3 thousand indirect jobs, mainly in the area of small scale agriculture, as at least 10% of the feedstock will acquired from this sector, in order to fulfill the requirements of Selo Combustível Social (Social Fuel Stamp), granted by the Ministry of Land Development (MDA).
The green oil used to produce biodiesel will be extracted from soybeans. However, the company currently analyses the possibility of gradually replacing this grain by Barbados nut, an oily seed presenting greater concentration of oil and less crushing
costs.
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