BNDES approves R$181M for two biometano plants in SP and ES

Brazil's development bank BNDES approved R$181 million in financing for two biometano plants in Mauá (SP) and Vila Velha (ES), part of a R$245 million investment by GNR Mauá and GNR Vila Velha, a partnership between Lara Group and MDC Energia. The move signals continued state-backed support for renewable fuel infrastructure, though construction timelines and offtake agreements remain unspecified. It reinforces Brazil's push to expand biomethane supply for transport and industry, potentially reducing diesel dependence.