On August 20, Caramuru, a Brazilian oilseed processor, announced a joint venture (JV) with Biocen – Bioenergia Celeiro do Norte S.A., a Brazil-based company, to develop a corn ethanol plant in central Brazil. Caramuru will hold a 51% stake in the JV, while Biocen will own the remaining 49%.
The plant, set to be built in Nova Ubiratã, Mato Grosso, is projected to process 605,000 metric tons of corn annually. It will produce approximately 68.95 million gallons of ethanol, 175,000 tons of distillers dried grains with solubles (DDGS), and 12,000 metric tons of corn oil each year. The facility is scheduled to start operations in the first half of 2026.
Caramuru estimates the development cost of the facility at R$1.1 billion (approximately $200.08 million). The site was chosen strategically, as Mato Grosso produces nearly 39% of Brazil’s corn and has a significant livestock population, including beef cattle, swine, and poultry, which will create a demand for DDGS coproducts.
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