Brazil sugar-ethanol mill maker Dedini signs cooperation deal with India's Praj

Praj Industries

13/08/2019 01:28

SAO PAULO, Aug 12 (Reuters) - Brazil sugar-ethanol mill
maker Dedini Indústrias de Base said on Monday it has signed a
cooperation agreement with India's Praj Industries  PRAJ.NS  to
sell equipment for ethanol production, including technologies
for corn-based biofuels.
    "Through this deal, Praj and Dedini will sell and install
plants to produce ethanol from grains and also work to modernize
existing ethanol production facilities in Brazil," Dedini said
in an emailed statement. The deal value was not disclosed.
    The company added that the cooperation agreement eyes a
growing demand for ethanol as a result of an upcoming national
program to boost biofuel use, known as RenovaBio, which is
scheduled to start on Jan. 1. Based on industry calculations,
Dedini said RenovaBio would require the expansion of plants in
Brazil, as well as the reactivation of some that have closed and
the 30 new large mills.

 (Reporting by Roberto Samora; Writing by Gabriela Mello
Editing by Leslie Adler)
 ((Gabriela.Mello@thomsonreuters.com; +55 11 5644 7553; Reuters
Messaging: gabriela.mello.reuters.com@reuters.net))