New Venture BENRI to Rate Brazil Sugar-Ethanol Mills
by Reese Ewing (Reuters) Brazilian joint venture BENRI plans to rate sugar and ethanol mills on efficiency, a new service for the sector that is expected to improve performance of mills and the terms of credit they receive from banks.
BENRI, short for Biomass Energy Research Institute, was conceived two years ago by sugar and ethanol analysts Datagro and technical consultants Fermentec.
“We will not offer a financial rating to our clients, though that may eventually happen. We will assign a rating to mills based on a technical standard and we expect this to have an impact on efficiency and terms of credit for our clients,” Plinio Nastari, president of Datagro, said late Tuesday. READ MORE