GraalBio, company responsible for building the first cellulosic ethanol plant in Brazil, and the sixth in the world on a large scale, plans to invest in new units.
During an event held in São Paulo, Ian Hiltner, vice president of the company, said the company’s goal is to reach production capacity of one billion liters per year of new ethanol by 2020.
To accomplish this, the company plans to launch two new plants a year. “We believe that the technology is already economically viable on an industrial scale, even though there are risks inherent in any pioneering project. With the partnerships that we have , we reduced the cost by 20% compared to the first generation ethanol,” he explained.