Coamo wants to raise R$ 500 million to build a new corn ethanol plant.

THE Coamo cooperative registered a second issuance of book-entry commercial notes aimed at financing renewable energy.The operation, of R$ 500 million , its objective is to build a corn ethanol plant in Campo Mourãono Paraná. You The bonds will mature in 2036 with a fixed yield of 12.37% per year., according to the report sent to Securities and Exchange Commission (CVM)The Santander who will lead the operations. The construction of the new corn ethanol plant It's part of Eco Invest Brazil Program of the cooperative, which consists of carrying out projects with environmental and social impactCoamo estimates a production of 763,300 liters per day of hydrated ethanol and 723,000 liters of anhydrous ethanol per dayThe processing should achieve 1,700 tons of corn per day.

This text was translated by machine from Brazilian Portuguese.