With $18.2 mm in FCO resources, Dourados will have a corn ethanol plant

Inpasa Agroindustrial foresees investments of over R$ 500 million ($91 mm) in the implementation of the industry that will also produce DDG and derivatives. Of the total amount invested, R$ 100 million ($18.2 mm) will come from the FCO (Fundo Constitucional de Financiamento do Centro-Oeste). The company, which has units in Paraguay and Mato Grosso, expects to generate 200 direct jobs and another 150 indirect jobs in the initial phase. With almost two years of construction work, the plant should start operating at the end of 2022.

Source: Portal do Agronegocio

BNDES makes up $2.1 bn with sale of the last shares of Vale

BNDES closed its equity stake in the mining company, in operations that, since the beginning of 2021, totalled R$ 11.2 billion ($2.1 bn) on the São Paulo Stock Exchange. Since August last year, the financial institution has sold a total of R$ 24 billion ($4.3 bn) in shares in the mining company. A relevant part of this sale was possible after the end of Vale’s shareholders’ agreement, to which the bank was linked, and which ended in November 2020.

Source: 6 Minutos

Mercedes-Benz confirms scheduled investment of $436 mm in Brazil until 2022

Mercedes-Benz confirmed on Wednesday scheduled investment of R$2.4 billion ($436 mm) in Brazil until 2022, said the president for Latin America of the German truck and bus maker, Karl Deppen. In a presentation to journalists, the executive said that Brazil in 2020 was the largest Mercedes-Benz truck market in the world, with a 20% share in the group’s sales.

Source: Money Times