November 12 (Renewables Now) - Brazilian company FS Bioenergia last week laid the foundation stone for its second corn ethanol plant in Mato Grosso state.
Located in the municipality of Sorriso, the plant is expected to produce 530 million litres (140m gallons) per year from 2020. The project represents an investment of about BRL 1 billion (USD 267.1m/EUR 237.1m).
FS Bioenergia will use biomass from a 30,000-hectare eucalyptus forest to power the facility, the company said in a Facebook post.
In addition to the plant in Sorriso, the company is currently working to double the capacity of its 265-million-litre Lucas do Rio Verde plant, the first corn ethanol facility in Brazil. When both projects are completed, FS Bioenergia's total corn ethanol capacity will surpass 1 billion litres annually in the state, the firm noted.
(BRL 1 = USD 0.27/EUR 0.24)