São Paulo – Delegates from the Algerian conglomerate Cevital met with the governor of the state of Mato Grosso, Brazil, Pedro Taques (affiliated with the Mato Grosso chapter of party PSDB) last week to discuss a project for an ethanol plant in the state. The information was released on the Mato Grosso state government’s website. The plant will be located in the municipality of Vera and make corn-based ethanol.
The meeting was attended by Cevital’s representative in Brazil, Paulo Hegg. In the future, the city will house other agroindustry facilities, including a soy and corn crusher and a feed factory. The conglomerate is expected to invest USD 750 million and employ 3,000 people, with completion due in three to five years, according to the state government.
The conversation revolved around practical aspects of the process, such as licensing, fiscal incentives, financing and power supply, with the governor offering support. “We came to the conclusion that we must be closer to the producers, and the majority of these products are available in Mato Grosso. Thus, we have decided to prioritize the state when it comes to implementation in Brazil,” Paulo Hegg said according to the government’s website.
Early this year, ANBA had reported on the project for building a plant in Vera, as Hegg discussed Cevital’s plans for Brazil, which at the time entailed USD 1.5 billion, including agroindustries and logistics-oriented facilities. Besides Mato Grosso, the group has announced investments in the state of Pará.
Cevital is the biggest private conglomerate in Algeria and straddles various industries, such as agricultural foods, retail, industry and services. It is active domestically and abroad.
*Translated by Gabriel Pomerancblum
