The US reported that Brazil will have an additional preferential share of 80,000 tonnes to export sugar to the US in return for recent negotiations involving the extension of a tariff free ethanol import that benefits the US. This will increase the quota for Brazilian sugar in the US from 230,000 to 310,000 tonnes and, by law, will benefit only producers in the Northeast.
Source: 6 Minutos
The federal government issued a decree that qualifies the Estrada de Ferro de Paraná Oeste (Ferroeste) in the Partnership and Investment Program (PPI) and creates the project’s governance committee. The goal is to increase the length of the railway, forming 1,370 km and reaching Maracaju, in Mato Grosso do Sul. There is an initial estimate of total investment of about R$8 billion ($1.5bn).
Source: Portal do Agronegocio
Banco Inter has become a member of the UN Global Compact Brazil Network. The bank signed a declaration aimed at global cooperation among business leaders to promote sustainable business practices. Banco Inter is allowed to act in local and international programs focused on several areas, such as Water, Food and Agriculture, Anti-Corruption, Human Rights and Labor, Energy and Climate.
Source: Money Times
Companhia Siderúrgica Nacional (CSN) reported that it has updated its financial projections for the close of 2020. In the new figures, the company projects an adjusted Ebitda of approximately R$9.75 billion ($1.82bn) in 2020, which would be 34.5% higher than in 2019.
Source: Valor Investe
Orizon Valorização de Resíduos intends to start the construction of the Energy Recovery Unit (URE) of Barueri, in São Paulo, in the first half of 2021. The company will invest R$350 million ($64mm) in the project of waste to energy by combustion. The plant will have 20 MW of installed capacity and will use 875 tons of waste per day to generate electricity through direct burning of waste.
Source: Energia Hoje