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U.S. Loan for Huge Brazilian Landfill Gas Project Pays Dividends

Published May 31, 2012
By
Sean Griffey

A $48.6 million loan by the Export-Import Bank of the United States (Ex-Im Bank) supporting exports of equipment and services for the development of the Novo Gramacho biogas project in Brazil has generated 165 new jobs.

The transaction is Ex-Im Bank's first financing for biogas reclamation and development. Among the beneficiaries is Newport Beach, California based renewable energy specialist, FirmGreen, which estimated that the project directly generated 165 new jobs at its facilities and at other companies in seven states. According to FirmGreen Ex-Im's 12-year loan was vital bec...

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