« Voltar « Back

Corn ethanol plant gets funding with TozziniFreire and Pinheiro Neto

Por: Latin LawyerImprimirVisualizar em PDF

Brazil's TozziniFreire Advogados has helped a joint venture between US crop farmer Summit Agricultural Group and Brazilian counterpart Fiagril obtain a US$50 million loan that finances construction of the first corn ethanol plant in Brazil.

The identity of the US lender who provided the loan is confidential. The financier hired Pinheiro Neto Advogados for the deal, which closed on 11 August.

In total, the plant will require 400 million reais (US$123 million) in debt and equity investment.

The facility is being built near Lucas do Rio Verde in Mato Grosso, a state in west central Brazil that is the country's largest producer of corn and soybeans. It is set to be completed by mid-2017.

Brazil produces 25 per cent of the world's ethanol, while ethanol represents almost 18 per cent of the Brazilian transport sector's energy consumption. The plant is intended to offset Brazil's increasing demand for the fuel, which cannot be met by existing production from sugarcane.

TozziniFreire was counsel to Fiagril when the Brazilian company signed its joint venture with Summit last November. Levy & Salomão Advogados advised Summit on the agreement.



Counsel to FS Agrisolutions

TozziniFreire Advogados

Partners Vladimir Miranda Abreu and Alexei Bonamin, and associates Lais Claudio Monte, Jacques Abi Ghosn, Matheus Ferreira and André Togna


Counsel to the lender

Pinheiro Neto Advogados - Partner José Luiz Homem de Mello and associates Marilia de Cara and Johnatan Maranhão

Faça parte do nosso mailing Join our mailing Receba em primeira mão publicações
e comunicados do escritório
Get firsthand publications
and communications office

São PauloRua Hungria, 1100
São Paulo – SP
t. +55 (11) 3247-8400ver mapasee map

Rio de JaneiroRua Humaitá, 275 - 16º andar
Rio de Janeiro – RJ
t. +55 (21) 2506-1600ver mapasee map

BrasíliaSAFS, Qd. 2, Bloco B
Ed. Via Office - 3º andar
Brasília – DF
t. +55 (61) 3312-9400ver mapasee map

Palo Alto228 Hamilton Avenue,
3rd floor
CA 94301 | USAver mapasee map

Tóquio1-6-2 Marunouchi,
Chiyoda-ku, 21st floor
Tokyo | Japan
t. +81 (3) 3216 7191ver mapasee map

Termos de Uso
Política de Privacidade