IFC invests in Brazilian bioethanol producer

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
IFC invests in Brazilian bioethanol producer

IFC, a member of the World Bank Group, will provide BRL150 million (US$47 million) of long-term financing to CerradinhoBio, an ethanol and biomass-based electricity producer operating in the state of Goias, in Brazil.

IFC’s ten-year investment in CerradinhoBio will help the company to increase its production of bioethanol used as renewable fuel by 28%, and more than double its generation capacity of bagasse-based electricity to be used for its own energy supply, with the excess being exported to the national electric grid. That will contribute to the reduction of GHG emissions by around 280,000 tons of CO2 equivalent per year, and help to further develop the Goias region, whose economy relies substantially on agribusiness. 

The sugar and ethanol industry is key for economic development and job creation in Brazil, employing around 1 million people and accounting for 9.8 percent of the agribusiness exports. 

Paulo Motta, CEO of CerradinhoBio, said:

"We welcome IFC’s support to our expansion plan. This financing will allow us to continue to develop our business and enhance our sustainability standards, but it is also important to help demonstrating IFC’s confidence in a sector that is of great importance for Brazil’s economic growth.” 

Luiz Daniel de Campos, Principal Investment Officer, Agribusiness Department, IFC Brazil, said:

“Agribusiness is a strategic priority for IFC because of its potential for development and poverty reduction,” said “We are pleased that our support to CerradinhoBio will also help enhance sustainability standards in the industry as well as support the growth of renewable energy initiatives in Brazil.” 

List of country news

Country news

  • July 29, 2016

    Isolux to sell Brazilian transmission concessions to Brookfield

    Grupo Isolux Corsan SA is close to sell some of its Brazilian power lines to Brookfield Asset Management Inc. Read more
  • July 22, 2016

    China's State Grid to acquire 23 % stake in Brazil’s CPFL Energia

    State Grid Corporation of China (SGCC), a state-owned grid operator, has plans to acquire controlling stake in a CPFL Energia SA, a Brazilian power distributor for R$5.85 billion (US$1.79 billion). Read more
  • July 20, 2016

    Actis consolidates its controlling position in Atlantic Energias Renovaveis

    Actis, a growth markets investor, and controlling shareholder of Atlantic Energias Renovaveis, has consolidated its ownership position to 100% of the company via the acquisition of the shares held by minority shareholders Pattac and Servinoga. Read more
  • July 15, 2016

    Brazil announces tenders for 6,600 Km of transmission lines

    National Electric Energy Agency (ANEEL) will tender a whole new network of transmission projects in Brazil. The transmission facilities are expected to enter into commercial operation within 48 to 60 months from the signing of the concession contracts, scheduled for 25 November 2016. Read more
  • July 14, 2016

    Brookfield closes $14 Billion Global Infrastructure Fund

    Brookfield Asset Management Inc. has announced that it held the final close on Brookfield Infrastructure Fund III (BIF III) with an aggregate of US$14 billion of equity commitments, creating a global infrastructure fund that invests in high-quality, core infrastructure assets on a value basis. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.