Granbio, Solvay Plan Brazilian Biomass-to-Paint Chemical Factory

GranBio Investimentos SA, a Brazilian biotechnology company, plans to build a plant with Solvay SA (SOLB) that will process sugar-cane residues into a chemical used in paints.

The factory will produce so-called n-butanol and is expected to come online in 2015, Sao Paulo-based Granbio said today in a statement. The project still requires approval from both companies’ boards and clearance from Brazil’s antitrust agency Conselho Administrativo de Defesa Economica.

Solvay is a Brussels-based chemicals and plastic maker.

GranBio is controlled by Gran Investimentos, a holding company for the Gradin family.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.