Cosan launches sugar, ethanol plant in Mato Grosso
(ADPnews) - Sep 23, 2010 - Brazil's ethanol maker Cosan (SAO:CSAN3) launched yesterday its newest sugar and ethanol plant, in Caarapo, western Mato Grosso state.
The plant, which is Cosan's first one in Mato Grosso, gobbled up BRL 530 million (USD 308m/EUR 231m) investments. Of the sum, BRL 275 million was provided by the Brazilian National Social and Economic Development Bank (BNDES).
The installed capacity of the plant will enable the crushing and processing of 2.5 million tonnes of sugar cane, which, in turn, will produce 90 million litres of ethanol and 185,000 tonnes of sugar per sugar cane harvest.
"With the opening of another unit, Cosan reaffirms its commitment to the sustainable development and the creation of jobs and income," Cosan's president, Marcos Marinho Lutz, said.