FS announces construction of third corn ethanol plant in Brazil
Summary
Today, with two ethanol plants amongst the largest in the country utilizing corn as a feedstock, in Lucas do Rio Verde and Sorriso/Mato Grasso, FS already has more than 375 million gallons per year of production capacity and, with the inauguration of the Primavera do Leste plant, the company is expected to become one of the three largest ethanol producers in Brazil, reaching a production capacity of 525 million gallons per year. With the full investment plan, which includes three more plants by 2026 also in the state, FS would reach production capacity of 1.3 billion gallons of ethanol per year. In addition, FS is also the only producer of certified corn ethanol with the disclosure of primary data, which includes full traceability of agricultural emissions from grain suppliers and adhering to the Climate Bonds Initiative, according to Sustainalytics assessment. FSs BECCS project, located at Lucas do Rio Verde plant, has made significant progress throughout the year, which includes hiring Schlumberger as a key partner for geological and injection studies. Following implementation of this project, FS is expected to be the first globally to produce a negative carbon liquid biofuel at scale.