- Press Releases
(SeeNews) - Jan 31, 2013 - Danish bio-refineries developer Inbicon and Brazilian biofuels producer ETH Bioenergia have signed a cooperation accord on the development of new and more competitive technologies for production of cellulosic ethanol in Brazil, Carlos Eduardo Calmanovici, ETH's director of innovation and technology, told Reuters in an interview on Wednesday.
According to Calmanovici, the partnership will contribute to the installation of new second generation ethanol plants by ETH. The Brazilian player also intends to later licence the technology and sell it to other producers on the domestic market.
The first ETH-Inbicon plant is planned to start operations in 2015.
Wednesday's announcement is part of a larger second generation ethanol project started by ETH two years ago, by forming a consortium with two other companies, Reuters wrote.
ETH's second generation ethanol ventures are seen to absorb BRL 200 million (USD 100.6m/EUR 74.2m) between 2013 and 2016.
Inbicon is a wholly-owned unit of Danish state-owned utility Dong Energy while ETH Bioenergia is owned by Brazilian industrial conglomerate Odebrecht.
(BRL 1 = USD 0.503/EUR 0.371)