VENEZUELA’S PDVSA BECOMES WORLD’S FIRST OIL COMPANY TO ACQUIRE 100% STAKE IN ETHANOL DISTILLERY

Go to original

Brazil’s Dedini, the largest manufacturer of sugar and ethanol-refining equipment in the world, sold an entire ethanol-producing plant to Venezuela’s PDVSA. The unit will refine molasses to produce the fuel.

Dedini negotiated the terms of the sale for all the different areas inside the plant, including fermentation, distillation, dehydration with a molecular sieve, and vinyasse concentration.

The new plant will be built in Tocuyo, with an annual production capacity of approximately 8.5 million liters.

This is the first time a plant specifically designed for producing ethanol is sold to an oil company, and PDVSA will become the first oil company to own 100% of an ethanol plant’s equity. PDVSA will use it to produce its own bioethanol. The ethanol to be produced will be mixed with gasoline, effectively kicking off Venezuela’s biofuels program.

Hear it from the horse's mouth - follow what's happening in the Brazilian ethanol market on Ethablog, the only blog in English dedicated to Brazilian ethanol.