BNDES - Brazilian Development Bank




BNDES supports technology development project for 2nd generation ethanol with R$ 21.9 million

Mar 12, 2014

The Brazilian Development Bank (BNDES) has approved non-reimbursable financial support to the tune of R$ 21.9 million to develop technology to convert sugarcane biomass into ethanol.

The operation, together with the National Center for Research of Energy and Materials (CNPEM), is within the scope of the BNDES-Finep’s Joint Plan to Support Industrial Technological Innovation in Sugarcane Sectors (PAISS),whose previously-approved operations (eight in total) amount to R$ 1.27 billion.

Support for CNPEM, with resources from the BNDES’ Technological Fund (BNDES Funtec), represents 90% of the total to be invested in the project. The operation uses the route of enzymatic hydrolysis to break pulp down into sugars, which are later fermented by genetically-modified microorganisms. 

Involved in the operation are companies such as Dow Brasil Sudeste Industrial Ltda And DSM South America Ltda., which are responsible for the remaining 10%. Besides the main aim, the project contributes to strengthening the capacity-building of Brazilian research teams, while broadening the country’s competence in developing new technologies to convert sugarcane biomass.

The CNPEM is a private non-profit association that brings together four technological and scientific research units: the National Laboratory for Synchrotron Light (LNLS), the National Laboratory of Biosciences (LNBio), the National Laboratory of Nanotechnology (LNNano) and the National Laboratory for Bio-ethanol Science and Technology (CTBE), all with equipment open to studies from the academic and business community in Brazil and abroad.

 

 

 

 

Recent News  Recent News
MON JUN 05 20:52:00 CEST 2023
The BNDES has a recurring profit of BRL 1.7 billion in the first quarter
Net income, which is influenced by extraordinary events such as Petrobras dividends and reversal of provision for credit risk, was BRL 4 bn. Recurring income comes mainly from the lower average balance of Treasury - mainly due to early settlements to the Treasury in the 4th quarter/22. Disbursements totaled BRL 19.1 billion, compared to BRL 14.8 billion in the 1st quarter of 22 Default remained at a low level: 0.06%.
TUE MAR 21 21:41:58 CET 2023
Executive Board presents 2022 profit and projects BNDES’ size to double to 2% of GDP by 2026
“Our project is to return to the historical level of BNDES disbursements since the beginning of the implementation of the Real, which is 2% of GDP. For this, we want to double the size of BNDES by 2026 so that it can fulfill its role of economic and social development,” said BNDES President Aloizio Mercadante at a press conference held on Tuesday the 14th, at the bank's headquarters in Rio de Janeiro.