The Brazilian biofuel company Vinema Biorefinarias do Sul Ltda. plans to spend 720 million reais ($354 million) for the construction of six ethanol-fuel plants. Feedstock for the plants will be cereal grains. The company expects to secure most of the 40 million reais of equity commitments for the first plant in the city of Cristal by end of February, according to Vilson Neumann Machado, director of development projects at Camaqua, reported Bloomberg. The plants will be built in the southern state of Rio Grande do Sul where it’s unsuitable to grow sugar cane. Virtually all of the state’s ethanol is… Login to continue

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