Embrapa receives $260k for investment in Vegetal Quarantine

Embrapa received an investment of $260.000 in Vegetal Quarantine. The funds were transferred to Embrapa Genetic Resources and Biotechnology by the Ministry of Agriculture, Livestock and Supply (MAPA) to complete the building of one of the most important services to agriculture in Brazil, responsible for having blocked the entry of more than 90 exotic pests into the country: the National Quarantenial Laboratory of Embrapa Station.

Source: Portal do Agronegocio

BNDES approves $740 mm to build thermoelectric plant in the Port of Açu

BNDES approved a R$3.93 billion ($740 mm) financing for Gás Natural Açu to build the GNA II thermoelectric plant at the Port of Açu, in northern Rio de Janeiro state. The bank detailed that the thermal plant will have a total installed capacity of 1.6 gigawatts (GW) and will integrate the project of the liquefied natural gas (LNG) generation park under development in the port.

Source: G1

Gross Livestock Production in 2020 is the highest of the last 32 years

The Gross Value of Agricultural Production (GVP) closed 2020 at $871.3 billion, up 17% from 2019 and the highest in 32 years, according to the Ministry of Agriculture. For 2021, first estimates indicate growth of 10.1% in GVP. Last year, crops had revenues of R$580.5 billion ($108 mm), up 22.2%, and livestock production of R$290.8 billion ($54 mm), up 7.9%.

Source: 6 Minutos

Solfácil intends to launch FIDC and finance $186 mm in 2021

Fintech Solfácil expects to reach R$ 1 billion ($186 mm) in funding for distributed generation photovoltaic systems in 2021 – 10 times more than the R$ 100 million ($18.6 mm) in 2020. The company plans to launch a green rights investment fund (FIDC) this year to raise funds. Currently, resources for loans come from debenture and bond issues. The company had an average monthly growth of 30% in 2020, with a single line of residential financing.

Source: Energia Hoje

Bankruptcy petitions jump 12.7% in 2020, says Boa Vista

Bankruptcy claims in 2020 jumped 12.7% and bankruptcies decreed rose by 1.9% compared to 2019, according to national figures from Boa Vista. Over the same period, there was also an increase in judicial recovery requests and granted recoveries by 13.4% and 11.1% respectively. In December alone, according to the survey, bankruptcy petitions rose by 38.31% and bankruptcies decreed increased by 30.4% in the annual comparison.

Source: R7

Ford has $62 mm in loans with BNDES

BNDES said it has two direct financing contracts with Ford, totalling R$335 million ($62 mm). According to the bank, the services were contracted in 2014 and 2017 and were aimed at projects to develop new products of the automaker in the country. The bank contacted the company to ask for further clarifications about the closure of the plants and is waiting for an answer to assess the impacts.

Source: Folha

Grain harvest is expected to grow 2.5% in 2021 and break a record of 260.5 million tonnes

Brazil’s grain harvest is expected to reach a record volume of 260.5 million tons in 2021, up 2.5% from 2020, the IBGE announced through the Systematic Survey of Agricultural Production (LSPA). While soybean production is expected to increase again (+6.8%), second-harvest maize harvests (-1.8%) and herbaceous cotton (-14%) are expected to fall.

Source: G1

New Fortress enters Brazil’s natural gas market with $5bn acquisitions

New Fortress Energy announced it will buy Hygo Energy Transition and Golar LNG in a $5 billion combined deal that marks the group’s entry into Brazil’s natural gas sector. At the same time, the energy infrastructure company said it has sealed a memorandum with BR Distribuidora and CCETC Brasil Holding for potential purchase of thermal generation assets in the country.

Source: 6 Minutos

Sinqia to invest $9.3 mm in startups

Sinqia, a leading technology and innovation company for the financial market, will invest more than R$50 million ($9.3 mm) in innovation and startups through Corporate Venture Capital (CVC) funds from 2021 onwards. The company announced the launch of Torq Ventures, the company’s innovation hub and now investment hub.

Source: Money Times