Renewable Energy Atvos in deal to build biomethane plant in Brazil By Reuters April 10, 2024, 3:41 PM Creative Commons/Matti Blume Biomethane is renewable natural gas In association with Brazilian ethanol producer Atvos has signed an agreement to build a biomethane factory in the state of Mato Grosso do Sul, with investments seen at more than 350 million reais ($69.4 million), it said in a statement on Wednesday. The biomethane plant is expected to have a 28-million cubic meter capacity per crop and will be Atvos’ first one based on sugar cane wastes. It will be located in Nova Alvorada do Sul, where Atvos – which is backed by Abu Dhabi state investor Mubadala Capital – already owns an ethanol factory. The plant will represent Atvos’ “entry into the renewable natural gas market, with the difference of producing it on a large scale to meet a demand that continues to grow,” CEO Bruno Serapiao said in a press statement. The project will undergo an engineering analysis before it gets final approval, with construction expected to begin this year, Atvos said. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
