Canabrava Group invests $ 400 million in sugar and ethanol plants

The Brazilian group Canabrava told Valor Economico that will invest R$400 million in new units in the next three years. The construction of its second plant of ethanol production will begin in September. The unit will have a crushing capacity of 1.5 million tons of cane, 120 million liters of ethanol and 44 megawatts of electricity. Investments in the plant total R$ 300 million.

According to the report, the group acquired a sugar mill that will be reformed and should start operating in 2014. The third unit will have crushing capacity for 1.5 million tons of cane and will total R$ 100 million.

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