April 10, 2013

China's CHMC seeks US$$20.2 million investment in Brazil-based corn-ethanol facility

China National Heavy Machinery Corp. (CHMC), the Beijing-based developer of industrial facilities and warehouses, is requesting from Brazilian farmers, a US$20.2 million investment in a corn-ethanol plant which may begin construction in 2014.

The facility is located in Nova Mutum, Mato Grosso, Brazil.

The proposed plant will process 400 tonnes of corn daily, which would be around 50 million litres of ethanol a year.