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Dow Chemical Co/The
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)
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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