Inpasa begins construction of new grain-ethanol plant worth $445.2 Million in Brazil's Goias State

Inpasa, Latin America's leading grain ethanol producer, announced on Friday that it would invest 2.4 billion Reais ($445.2 Million) in a new facility to be built in Rio Verde (Goias), adding that the construction had already begun.

The company announced in a press release that the new facility, its ninth, and first in Goias will strengthen the integration of agriculture and energy with industry. It also plans to use corn and sorghum, among other grains.

The plant will process 2,000,000 metric tons per year of grain and produce 1 billion liters (or ethanol) and 490,000.00 tons (or DDGS) of protein feed for livestock.

Inpasa president Eder Odvar said that building in Rio Verde was a "strategic choice based on the logistics infrastructure of the municipality, the strength and innovation of Goias' agribusiness,"

Inpasa, founded in Paraguay, has seven industrial plants -- five in Brazil, two in Paraguay, and one in Luis Eduardo Magalhaes in the state of Bahia, Brazil. In Brazil, it operates three plants: two in the state of Mato Grosso, two in Mato Grosso do Sul, and one in Maranhao. The company has a capacity of producing 6.2 billion liters per year of ethanol and 3.3 millions tons of DDGS.

(source: Reuters)