THE National Bank for Economic and Social Development (BNDES) approved, this Monday (15), a financing of R$ 500 million for the FS, producer of Corn ethanol managed by the American Summit Agricultural Group.
The amount is part of total investment of R$ 2.07 billion that the company budgeted for the construction of its new ethanol plant in Campo Novo do Parecisno Mato GrossoThe construction of the project was announced in July of last year.
According to FS, the unit will have capacity to process 1.2 million tons of corn per year and produce up to 540 million liters of ethanol and 390 thousand tons of dried distillers grains (DDG).
The company anticipates that the unit will open in December of this year, generating 182 direct and 323 indirect jobs. This will be the FS's fourth industrial unit, expanding the The company's total production capacity is 3.2 billion liters of ethanol. and 2.6 million tons of DDG per year.
The entity also projects a second phase for the unitwith expansion in processing for 2.4 million tons of corn and production of 1.08 billion liters of ethanol annually.
This text was translated by machine from Brazilian Portuguese.