Ethanol producer Inpasa to invest $630 MM in Brazil biorefinery projects
Ethanol producer Inpasa on Thursday said it will invest 3.48 B reais ($631.26 MM) to build a new biorefinery and expand operations at another unit in the Brazilian state of Mato Grosso.
The new facility in Rondonopolis will receive 2.77 B reais in investments, with operations starting in early 2027, the company said in a statement.
The unit is expected to process 2 metric MMtpy of grains, producing 1 B liters of ethanol, it added.
The expansion in Nova Mutum will add 1 MMt to annual grain processing capacity for 704 MM reais, increasing ethanol output to 1.4 B liters by end-2026.
"This announcement marks another decisive step in consolidating the company as Latin America's largest grain-based ethanol biorefinery," Inpasa Head Eder Odvar Lopes said in the statement.
Inpasa operates seven facilities in Brazil and Paraguay and has two plants under construction in the Brazilian states of Bahia and Goias.
($1 = 5.5128 reais)
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