Brasil Bio Fuels to invest $14.5 mm

One of the winners of the auction for isolated systems, Brasil Bio Fuels will invest around R$ 80 million ($14.5 mm) in the lots that it managed to win in the contest. The company’s president, Milton Steagall, said that BBF, which is the largest palm oil producer in Latin America, used its successful experience in Rondônia, where it has plants. The fuel will be produced in the state, generating jobs for local labour.

Source: Canal Energia