BNDES Approves R$950 Million for Inpasa Corn-Ethanol Biorrefinery in Bahia
The package blends Fundo Clima with Finem credit to accelerate Inpasa’s first refinery in the state.
Overview
- The financing totals R$950 million, with R$350 million from Fundo Clima and R$600 million from the BNDES Finem line.
- The plant will be built in rural Luís Eduardo Magalhães to produce anhydrous and hydrated ethanol from corn, sorghum, and other grains.
- Design capacity calls for processing up to 1 million tonnes of corn per year, with estimated output of 498 million liters of ethanol annually.
- Co-products include DDGs for animal feed, vegetable oil, and electricity generation, reflecting an integrated biorrefinery model.
- Inpasa says this is its first financing with BNDES, while the bank projects local job creation and a shift for Bahia from importing to exporting biofuels by 2027.