– Atvos, backed by Mubadala, seals $69 million deal for the biomethane plant in Brazil.
– First-of-its-kind biomethane facility by Atvos to utilize sugar cane residues, boasting 28 million cubic meter capacity per harvest.
– CEO Bruno Serapiao emphasizes Atvos’ inaugural step into renewable natural gas, with construction slated to start this year after an engineering review.
Atvos, backed by Mubadala, has finalized a deal to construct a biomethane plant worth $69 million in Brazil, According to a company’s statement.
The Brazilian ethanol producer announced the agreement to establish the plant in Mato Grosso do Sul, anticipating investments exceeding 350 million reais ($69.4 million), the statement added.
This biomethane facility, the first for Atvos utilizing sugar cane residues, is projected to have a 28 million cubic meters capacity per harvest.
It will be situated in Nova Alvorada do Sul, alongside Atvos’ existing ethanol factory, supported by Abu Dhabi’s Mubadala Capital.
CEO Bruno Serapiao highlighted the significance of this endeavor, stating that it marks Atvos’ debut in the renewable natural gas sector, offering large-scale production to satisfy expanding market demand.
The project will undergo thorough engineering scrutiny before receiving final approval, with construction anticipated to commence this year, according to Atvos.
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