Brazil's Atvos to construct biomethane plant in Mato Grosso do Sul
Atvos, a leading Brazilian ethanol producer, signed an agreement to build a biomethane plant in the state of Mato Grosso do Sul, it said on April 10.
The project will require an investment of more than 350mn reais ($69.4mn) and marks Atvos' foray into the market for natural gas derived from renewable sources. The plant, based on sugar cane waste, will boast a capacity of 28 million m3 per crop.
"We have expanded our portfolio of sustainable solutions, following a circular economy concept, by disposing of and generating new revenues from waste in our production chain,” said Bruno Serapiao, CEO of Atvos.
Atvos, which is backed by Abu Dhabi's Mubadala Capital, said that the construction work on the plant is expected to start this year.