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Back You are here: Home Business Other Markets Biogas project in Brazil to receive $48.6 million in financing

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Biogas project in Brazil to receive $48.6 million in financing


A $48.6 million loan from the Export-Import Bank of the United States was extended for the development of the Novo Gramacho biogas project in Brazil, the bank's first financing for biogas reclamation and development.

The 12-year loan will help convert "dirty" methane gas from the 140-hectare Jardim Gramacho landfill near Rio de Jenero to clean, usable biomethane a through the biogas plant to be operated by project owner Gas Verde S.A.

The biogas plant will capture and treat 20,000 normal cubic meters per hour (nM3/hr) of raw landfill gas to produce 9,000 nM3/hr of fuel-grade biomethane gas. It will be then transmitted to a nearby refinery of state-owned Petroleo Brasileiro S.A. through a pipeline.

Placing the biogas plant will reduce passive landfill emissions to the atmosphere. Biogas from the plant will directly replace approximately 10 percent of the natural gas derived from fossil-fuel sources that is consumed at the Petrobras refinery.

A total of 1.4 million metric tons of greenhouse gases would be reduced, plus eliminating the consumption of 160 million gallons of gasoline, the equivalent of removing approximately 280,000 passenger vehicles from the road each year.

U.S. based suppliers, including renewable energy manufacturer FirmGreen and its subcontracted companies, will be benefitting from the loan as well, which will support exports of equipment and services for the project.

The project will directly generate around 165 jobs in seven states: Indiana, Wisconsin, Ohio, California, Michigan, Missouri and Texas.

Supporting U.S. renewable-energy and other environmentally beneficial exports to international markets is one of Ex-Im Bank's special initiatives. In fiscal year 2011, Ex-Im Bank authorized a record $889 million to support over $1.3 billion of U.S. exports of environmentally beneficial goods and services. – EcoSeed Staff



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