Brazil's National Development Bank (BNDES) granted Bioo Paraná Holding BRL 148.5 million to construct a biomethane facility in Toledo Paraná which will enhance Brazil's renewable energy initiatives and circular economy development. The total project cost is estimated at BRL 196 million, with BRL 101.5 million from the Climate Fund and BRL 47.1 million through BNDES's Finem credit line.
Biomethane Production and Emissions Reduction
The facility will produce 11 million cubic meters of biomethane annually, equivalent to natural gas, and is expected to avoid about 80,000 tons of CO₂ emissions each year, aiding Brazil's decarbonization goals. The facility will produce organic fertilizer which will benefit local agricultural operations, while it will also create biogenic CO₂ which can be used by industries such as beverages to decrease their need for fossil-based CO₂.
Jobs and Regional Development
The project will create approximately 210 construction jobs and 90 permanent positions which will help western Paraná develop because it serves as an essential agribusiness and animal protein center. Bioo uses its circular economy initiative to convert animal protein supply chain organic waste into valuable bioproducts which reduce environmental harm while returning waste to productive use. The BNDES President Aloizio Mercadante declared that "this project minimizes the negative impacts of organic waste by converting it into renewable energy and high-value products," which supports the energy transition policy of the federal government.
Circular Economy and Energy Policy Alignment
Bioo Paraná Holding S.A. operates as a subsidiary of Bioo Investimentos e Participações S.A. which Cótica Energia and the eB BIP investment fund managed by Flying Rivers Capital control. The BNDES support enables the company to advance its strategy which converts organic waste into renewable energy and bioproducts according to CEO Maurício Cótica. The BNDES support enables the company to advance its strategy which converts organic waste into renewable energy and bioproducts according to CEO Maurício Cótica.
