BNDES lends R$150M to biofuel producer Cerradinho
What's the deal? Brazil's national development bank, Banco Nacional de Desenvolvimento Econômico e Social (BNDES)Dealroom has a profile for this one. Try Dealroom →, has approved R$150 million ($29.6 million) in credit for the Cerradinho group. The financing comes through two credit operations.
What's the endgame? Cerradinho will use the funds to modernise and expand biofuel production at its plants in Chapadão do Céu, in Goiás state, and Maracaju, in Mato Grosso do Sul. The investment targets output capacity across both sites.
The signal: The loan reflects continued state-backed financing for Brazil's biofuels sector, where the development bank remains a central funder of production capacity.
Read more: Valor Econômico
Image credit: Sweeter Alternative
