Brazil's BNDES issues $150M loan for cellulosic-ethanol project

05/8/2013 | Bloomberg Businessweek

A division of GranBio Investimentos will receive a $149.6 million loan from Brazilian development bank BNDES for work on a facility to manufacture ethanol from crop residue. The facility is expected to have the capacity to make 22 million gallons of cellulosic ethanol from sugarcane residue annually, BNDES said.

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