The BRL520.7m investment will triple sugarcane crushing capacity at the Boa Vista mill

The BRL520.7m investment will triple sugarcane crushing capacity at the Boa Vista mill

Sugar processor Sao Martinho and oil firm Petrobras are to expand the capacity of their jointly-owned Boa Vista mill in Brazil in the next four years.

Crushing at the Boa Vista mill in the current harvest year (2011/12) is set to reach 2.3m metric tons.

The two companies joint venture, Nova Fronteira Bioenergia, will invest BRL520.7m (US$327.7m) in the expansion, which is expected to triple the mill's capacity to 8m metric tons in the 2014/15 harvest year.

The joint venture will also invest BRL430.5m in industrial equipment and BRL90.2m in agricultural equipments.

Following completion of the expansion, 70% of the sugarcane crushed at the mill will be provided by Sao Martinho. The mill will have the capacity to produce 700m litres of ethanol.