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IBI To Open Glycerin Plant in Brazil

October 7, 2008

BRAZIL: Integrated Biodiesel Industries, Ltd. (IBI) has invested $300,000, part of a larger $1 million capitalization effort, in a glycerin processing plant in Brazil. Located in Jau, west of São Paulo, the plant is a shuttered chemical facility that IBI will upgrade to process glycerin. The plant will produce both distilled glycerin for cosmetics and paint and glycerin carbonate, a renewable solvent.

Based on a production of 20,000 metric tons a year, the glycerin plant is expected to generate revenues of $22 million in 2009, according to IBI.

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