UISA, Geo Biogás to issue green bonds for biorefinery

02/04/2022 Since 4 years

UISA –a Brazilian sugar and ethanol company– and Geo Biogás & Tech –a Brazilian biogas producer– plan together to issue green bonds by the end of June 2022 to build a biorefinery in the central-west state of Mato Grosso in Brazil.

UISA and Geo Biogás plan to cover 20% to 30% of the estimated investments with equity, but they may have to raise over 30 million dollars in the debt market.

UISA owns 51% of the joint venture that will build and operate the plant, while Geo Biogás has remaining 49% share.

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