Companhia Paranaense de Gás (Compagas) will invest 505 million reais (€86.6 million) over the next five years, between 2024 and 2029.
The investment plan was announced on 24 June by governor Carlos Massa Ratinho Junior and includes actions and projects to expand the company's operations to other regions of the State, especially to the municipalities of Londrina, Maringá and Lapa, the insertion of biomethane into the piped gas network and the development of sustainable corridors with supply via natural gas and biomethane.
The investments are part of Compagas' new concession contract, which comes into effect in July and sets goals for increasing the supply of natural gas and biomethane and serving new regions in Paraná for the next 30 years.
“Paraná, which is the largest generator of renewable energy in Brazil, could become the Saudi Arabia of biogas and biomethane. We have a very large potential in generation, which is done through animal waste and plant biomass, such as from the sugar and alcohol sector,” explained the governor.
“We are organising the entire ecosystem for the generation of biogas and biomethane in Paraná. Both in the tax and fiscal part of the chain, as well as in the production and flow infrastructure, creating a new development corridor.”
The largest producer of animal protein in Brazil, Paraná is a leader in the generation of biogas and biomethane.
According to a survey by the International Center for Renewable Energy (Cibiogás), the state has 426 plants installed, 67% of all plants in the South region.
Compagas to invest €86.6m into Brazil’s biomethane infrastructure
