More investment in Brazil’s carbon capture projects

FS Bioenergia said it will invest an additional 350 million reais to acquire equipment and deploy carbon capture for the project. — Bloomberg

RIO DE JANEIRO: One of Brazil’s top ethanol producers said it will proceed with the next stage of a roughly 460 million reais (US$83mil) carbon capture project to supply what the company claims will be the first negative carbon-emission ethanol.

FS Bioenergia, backed by US-based Summit AG Advisors LLC, said it will invest an additional 350 million reais to acquire equipment and deploy carbon capture for the project, after previously investing 110 million reais.