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As an integral part of the transaction, the sellers committed to invest more than 50% of the consideration in planting cane that will be used as feedstock to support Cridasa's growth in production.
In 2007/08, Cridasa crushed approximately 723,000 tons of sugarcane compared to 410,000 tons in the 2006/07 harvest. Cridasa produced approximately 36.16 million liters of hydrous ethanol and 23.83 million liters of anhydrous ethanol. Total installed effective capacity is 1.5 million tons per year.
The acquisition (i) reinforces Infinity's position in
Infinity is a renewable energy company aiming to become one of the global
leaders in the production and distribution of ethanol and clean energy. In
order to address the growing demand for clean and renewable fuels, Infinity is
committed to producing the most technically and environmentally efficient
ethanol. Infinity is focused on acquiring and controlling sugar and ethanol
production facilities in
For further information, please contact: Infinity Bio-Energy Sergio Thompson-Flores, CEO +55 11 3525-9922 Rodrigo Aguiar, Investor Relations Officer +55 11 3525-9922 Collins Stewart Europe Limited Adrian Hadden / Adam Cowen +44 (0) 20 7523 8353
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