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

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Aug. 12 (Bloomberg) -- GranBio Investimentos SA, a Brazilian biotechnology company, plans to build a plant with Solvay SA 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 snielsen8@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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