BNDES Approves USD 86.8 Million Loan for Biomass and Ethanol Plants in Mato Grosso

Credit: BNDES

The Brazilian Development Bank (BNDES) has approved a BRL 500 million (USD 86.8 million/EUR 80.6 million) loan to support the construction of a -fired power plant and an -producing facility in Mato Grosso state.

The financing will aid Tres Tentos Agroindustrial SA in building a biomass steam and electricity cogeneration plant capable of generating up to 184,000 MWh annually.

The loan will also enable the installation of an ethanol plant that will produce biofuel from corn and sorghum. The plant is expected to have an initial capacity of 935,000 liters of ethanol per day.

BNDES has been significantly active in supporting 's sector, approving BRL 3.9 billion in for biofuels projects from January to October 2024, the second-highest annual figure since 2005.

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