ERB - Energias Renovaveis do Brasil, the Brazilian biomass developer, will start producing energy at its first wood-fueled cogeneration project by July 2013 for the chemical producer Dow Chemical Co. (DOW:US)
The plant will provide steam to Dow’s Aratu Complex in the northeastern state of Bahia, Paulo de Tarso Vasconcellos Neto, director of Sao Paulo-based ERB said yesterday in an e-mail.
The company was awarded 210 million reais ($105 million) from national development bank Banco Nacional de Desenvolvimento Economico e Social that will be disbursed by Banco Votorantim SA, Banco Itau BBA and Banco Bradesco SA (BBDC4), ERB said yesterday in a statement.
The 265 million-real project includes about 10,000 hectares (24,700 acres) of forest plantations and a wood-chipping facility capable of producing 80 metric tons of biomass fuel an hour, according to the statement. It will also sell electricity to the grid.
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