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Neomille, a subsidiary of CerradinhoBio, plans to build a corn-based ethanol plant in Mato Grosso do Sul, Brazil. With an investment of BRL1 billion (US$192 million), project Greenfield has an annual ethanol production goal of 510,000 cubic meters.
The environmental licensing process will be conducted in the coming months. Construction is expected to commence in 2022, with completion scheduled for August 2023.
