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The project, partly financed through the group's own Summit Brazil Renewables Fund I, will gain cost advantages from its location in the country’s interior.
The company plans to produce biofuel from sweet sorghum, which is less subject to market volatility than corn or sugar.
Ethanol's lower-than-petrol pricing meant the amount put into fuel went up in 2015.
The Department of Agriculture will help farmers, ranchers and forest landowners interested in growing new crops for biomass.
Ecometrica, the sustainability, mapping and reporting software company, and Scotland’s Rural College have created the Biomass Market Assessment Service to model farm behaviour and energy crop production under different scenarios.
Biofuels: wood chip on fire
US wood pellet exports have increased by nearly 40% between 2013 and 2014.
This week’s IPO filing by wood pellets producer Enviva Partners is a great example of private equity’s ability to spot promising trends and capitalise on emerging markets.
Emma Cowan, independent agribusiness consultant, describes the changing landscape for commodities amid a shift in biofuel and BRIC countries’ growth potential.
The joint venture between Spruce Capital Partners and Xeraya Capital has closed MLS Capital Fund II on $150m.
The company’s biofuels business has been seeking equity financing since April this year.
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