Inpasa, the largest producer of corn ethanol in Latin America, plans to invest R$7 billion in new units in Brazil in 2024, expanding its operations in the biofuels sector. The information was shared by Renato Teixeira, director of Communication and Marketing at the company, who detailed the company’s expansion plans in the country.
According to Teixeira, Inpasa is about to inaugurate its sixth Brazilian plant in Luiz Eduardo Magalhães, in Bahia, in the coming weeks. At the same time, the company maintains three plants under construction: one in Goiás and two in Mato Grosso, one in Rondonópolis and the other expanding production in Nova Mutum.
The company, which has been in Brazil for seven years with operations starting in 2019 in Sinop (MT), has already invested more than R$15 billion in the country. “We have been growing 50% a year”, highlighted Teixeira, highlighting the company’s rapid development in the Brazilian biofuels market.
Potential of corn ethanol in decarbonization
Corn ethanol already accounts for 30% of national biofuel production, taking advantage of a Brazilian competitive advantage: the possibility of two harvests in the same year. “Brazil has the great advantage of being able to have two harvests in the same year. So, the producer can produce soybeans, for example, during the summer, and then produce corn”, explained Teixeira.
According to the executive, biofuel produced from off-season corn represents an important tool for global decarbonization. “Corn ethanol, like sugarcane ethanol, is an extremely sustainable product, which is ready to be used in this process of decarbonizing the world,” he stated.
Teixeira pointed out that sectors such as aviation and, mainly, maritime represent potential markets for Brazilian ethanol. “The maritime sector has a very aggressive decarbonization objective for the coming years”, he highlighted, highlighting that Brazil can become a global protagonist in the supply of sustainable biofuels.
After the United States, the world’s largest producer of ethanol, Brazil occupies second place, with Inpasa standing out as the second largest company in the sector globally. “Corn ethanol is here to stay. And the world will really need Brazil in its decarbonization challenge”, concluded the director.
