Displaying items by tag: bank

Brazil: BNDES, the national development bank, has approved a US$7.4m loan for Votorantim Cimentos to co-process alternative fuels. The funds will be used to adapt the company's industrial units to process industrial waste, tyres and biomass, according to the O Estado de Sao Paulo newspaper. The cement producer is preparing to spend US$13.6m towards modifying its plants at Salto de Pirapora in Sao Paulo and Edealina in Goias.