BNDES creates $190 mm credit line for biofuel producers

The BNDES board of directors approved a R$1 billion ($190 mm) credit programme for biofuel producers to stimulate emission reductions in the segment. By participating in the programme, called BNDES RenovaBio, biofuel producers may have their interest rates cut if they meet CO2 emission reduction targets set by the bank.

Source: G1 Economia