BNDES (National Bank for Economic and Social Development) approved and contracted financing worth R$ 148.5 million for Bioo Paraná Holding SA In total, the investment to build a biomethane plant in Toledo (PR) is estimated at R$ 196 million.
Of the contracted financing, R$101.5 million comes from the Climate Fund and R$47.1 million from the Finem line. The Bioo Paraná unit has a planned production capacity of 11 million cubic meters of biomethane per year, avoiding approximately 80 thousand tons of CO2 equivalent emissions into the atmosphere.
In addition to biomethane, the company will produce organic fertilizer, widely used in regional agriculture. The biogenic CO2, produced naturally in the plant’s process, will be purified to food grade and supplied, for example, to the beverage industry, replacing CO2 of fossil origin.
“The supported project minimizes the negative impacts of organic waste on the environment by directing them to the manufacture of energy products with high added value, such as biomethane and CO2. The renewable energy produced and the reduction of methane emissions strengthen the circular economy in Brazil”, says the president of BNDES, Aloizio Mercadante.
Climate Fund
“Counting, once again, on the support of BNDES, especially via the Climate Fund, reinforces the merit of the project and its relevance for the energy transition in Brazil. Also in Toledo, we will expand the impact with decarbonization, circular economy and regional development moving together”, adds Bioo’s CEO, Maurício Cótica.
Biomethane is a natural and renewable fuelequivalent to natural gas, produced from the decomposition of different organic materials in biodigesters that use microorganisms through anaerobic digestion, that is, without the presence of oxygen. Its production prevents the emission of polluting gases into the atmosphere and reduces the use of natural gas of fossil origin, being its direct substitute.
Bioo transforms organic waste from large generators in the region, especially from the animal protein production chain, into bioproducts based on the concept of circular economy. Through this process, waste that would otherwise be discarded can return to the same operations that generated it, in the form of biomethane and biogenic CO2, closing the production cycle.
