Biofuel chain in Brazil has additional $127 mm in 2020

Adopted by the plants of RenovaBio, the federal government’s biofuels program, RenovaCalc has presented expressive results, consolidating the carbon market in Brazil by 2020. The amount of business with this type of security last year alone exceeded 14 million CBios traded, generating an additional revenue of almost R$ 700 million ($127 mm) in the biofuel chain in Brazil, according to Embrapa.

Source: Money Times