Brazil offers $1 billion to boost sustainable fuel production
The Brazilian government has allocated R$ 6 billion (US$ 1.09 billion) to fund the construction of biorefineries for producing Sustainable Aviation Fuel (SAF) and sustainable marine fuels. The investment, equally split between Brazil’s National Bank for Economic and Social Development (BNDES) and FINEP, will be awarded through a competitive process. Brazilian companies involved in fuel production or R&D in sustainable fuel technologies can apply by October 31, with funding supporting research, development, pilot plants, and related expenses.
The Brazilian government has announced $ 6 billion (US$ 1.09 billion) to finance the construction of biorefineries focused on producing SAF and sustainable marine fuels, reports Ethanol Producer Magazine.
The investment will come from Brazil’s National Bank for Economic and Social Development (BNDES) and FINEP, a government funding agency, with both institutions making an equal investment of R$ 3 billion into the initiative.
By now, both Agencies have published a public call for proposals to which business plans, aimed at developing and implementing biorefineries to produce either SAF or sustainable marine fuel, are being invited. This funding opportunity is on a competitive basis for Brazilian companies that work in fuel production or related research and development activities concerning sustainable aviation or marine fuel technologies.
An award could be directed to spend on the activities and related expenditures of research, technological development, and engineering projects; pilot plants; working capital including shares of machinery and equipment; and other related forms. The deadline for applications is October 31.
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Source Link : https://bioenergytimes.com/brazil-offers-1-billion-to-boost-sustainable-fuel-production/
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