Orizon picks partners for biomethane plant

Orizon picks partners for biomethane plant

Corporate & Sovereign Strategy Equity M&A Brazil Capital Markets Energy ESG Biofuels Renewable Electricity

Brazilian waste management company Orizon said it has partnered with local energy trader Mercúrio Partners and solar energy provider Gera Energia to build a biomethane plant in the state of São Paulo. The three companies will invest BRL240 million ($48.3 million) to build the Paulínia Verde plant and generate biomethane from a landfill that Orizon acquired recently. Orizon will spend BRL60 million itself, while the three members of the joint venture will cover the other BRL180 million, the São P

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