São Martinho Group obtains $177 mm from BNDES for investments in plants

The São Martinho Group has been approved by BNDES to provide funding of R$ 941.6 million ($177 mm) to finance the company’s investments in power plants in São Paulo and Goiás, the state bank said in a statement Tuesday. The funds will be used to build a new corn ethanol plant at the Boa Vista plant (GO) and grain storage silos, as well as to implement a thermoelectric plant and modernise existing units.

Source: UOL Economia