Category: Industry

Information about Brazil’s economic sectors

Biodiesel production grew by almost 9% in the country in 2020

The sector’s revenues reached R$26.2 billion ($5 bn), an increase of almost 68% over the previous year. According to the Ministry, 98.4% of the volume sold had the Social Biofuel Seal, which requires the inclusion of family farmers in the production chain. In ethanol, there was a drop in the volume commercialised due to the pandemic. But corn ethanol production grew more than 84% in 2020, to 2.4 billion litres.

Source: Portal do Agronegocio

Sugarcane is the source of 19% of the energy consumed in Brazil

A publication by the Energy Research Company (EPE) shows that sugarcane biomass represents 19.1% of the internal energy supply (IOE) or 39.5% of all renewable energy used in Brazil. Separately, sugarcane has already positioned the country as a global reference in clean energies, contributing to a participation above the world average, 13.8% of renewables in the matrix, and developed countries members of the Organization for Economic Cooperation and Development (OECD), 11%.

Source: Portal do Agronegocio

Distributed generation should attract $3.2 bn in investments

Distributed generation should attract approximately R$ 16.7 billion ($3.2 bn) in investments this year, according to federal deputy Lafayette de Andrada, rapporteur of bill 5.829/2019, which provides for the implementation of a legal framework for DG in the country. The proposal is being processed in an urgent regime in the House of Representatives The main source for the modality is solar, which last year accounted for investments of R$ 11 billion ($2 bn) in systems installed on roofs, facades or small rural sites.

Source: Energia Hoje

Solar reaches 9 GW and may generate $27 bn in new investments in Brazil

Brazil has reached the historic mark of 9 GW of operational power in large photovoltaic plants and small and medium systems installed on roofs, facades and lands, informs a survey of the Brazilian Photovoltaic Solar Energy Association (Absolar), indicating that the source brought more than R$ 46 billion ($8.5bn) in investments and 270 thousand jobs to the country.

Source: Canal Energia

New tool allow rural credit transfers up to $3.8 bn to fintechs

The Brazilian government, banks and startups that finance the agricultural sector are working to create a
mechanism to allow banks to transfer part of the money from mandatory funds, raised by demand deposits, to
fintechs so they can lend it to farmers. A demand deposit is money deposited into a bank account with funds that
can be withdrawn on demand at any time. The idea is for startups to create investment funds and sell shares to banks, which would pay according to the requirements of the rural credit program. The estimated amount to be transferred to fintechs is R$20 billion ($3.8 bn) per harvest.

Source: Valor International

Sabesp starts up Brazil’s first gas-powered water pumping station

The station was inaugurated in the city of Osasco (SP) and the project is expected to be expanded. The project is part of a program to reduce water losses in the region that involves investments of around R$50 million ($9.5 mm). In addition to operational and energy safety, the project brings a 15% efficiency gain when compared to traditional systems. The initiative will benefit 9,300 people served by Sabesp.

Source: Energia Hoje

City of Rio wants to cut greenhouse gas emissions by 20% by 2030

The Rio de Janeiro City Hall has launched the Sustainable Development and Climate Action Plan (SDP), with targets to be reached by 2050. During the ceremony at Museu do Amanhã (Museum of Tomorrow), the Rio+30 Cities conference was announced for next year, with municipal managers. One of the main goals of the PDS is the reduction of greenhouse gas emissions by 20% by 2030, a medium-term horizon. By 2050, the proposal is that these emissions be neutralised.

Source: Money Times