In Brazil, CPG reports Pedra Agroindustrial has announced the acquisition of the Orbi Bioenergia Plant in Paranaíba, Mato Grosso do Sul forecast to initially process about 1.2 million tons of sugarcane, with the goal of reaching 5 million tons over time. The plant will produce 310,000 liters of anhydrous ethanol and 580,000 liters of hydrated ethanol daily.
Renamed the ‘Stone Cedar’ Agroindustrial Plant, the facility is in the pre-operation phase, with facility completion scheduled to enable processing its first sugarcane harvest in 2024.
After securing approval from the Administrative Council for Economic Defense, the deal, which had been stalled since November 2021, was finally completed, enabling Pedra Agroindustrial to assume control of the plant’s operations. The financial details of the transaction were not disclosed.
Sérgio Luiz dos Santos, agricultural corporate manager of Pedra Agroindustrial, emphasized the importance of collaboration with local government and environmental agencies to ensure the project’s success. He highlighted the plant’s potential to enhance rural development and contribute to the economic recovery agenda.
Pedra Agroindustrial’s expansion into Mato Grosso do Sul signifies a major step in its growth strategy, strengthening its position in Brazil’s sugar-alcohol sector. This marks the company’s first venture outside São Paulo.
