The BNDES (National Bank for Economic and Social Development) is financing the implementation of the CRI GEO Biogás plant in Brazil. The plant will produce biogas and electricity from biodegradable waste.
Climate finance
BNDES is financing the plant as part of the climate fund. The budget amounts to 44 million Brazilian reals. Thus, the bank will finance the project up to 80% of the total amount of the investment.
The plant will have an installed capacity of 2.15MW for the production of electrical energy. In addition, it will have the capacity to produce 4.5 millionm3 of biomethane per year. It will also be able to produce more than 9,000 tons of bio-fertilizer per year and will start operating in March 2024.
Within the framework of the Climate Fund, complemented by BNDES financing, the plant will have biodigesters. In addition, a gasometer and engine generators are an integral part of the project. The plant is being built in the municipality of Elias Fausto, in the state of São Paulo.
Fertilizer residues
The project contributes to climate change mitigation by promoting biofuels to replace diesel and fossil gas. The CO2 emissions avoided over the 20-year life of the project would reach 1.76 million tons. This saving is equivalent to the emissions generated by 44,000 vehicles on the road during the same period.
The plant will use biodegradable waste from nearby large industries. In addition to ensuring their elimination, it will capture methane, which is more dangerous than CO2 emissions. The project financed by BNDES will consume part of this electricity production.
The surplus electricity will enter the distribution network of the local energy concessionaire. In addition, biomethane will replace diesel in the CRI GEO Biogás fleet. The production process will also generate bio-fertilizer, a 100% organic by-product, used as agricultural fertilizer.
