The funds will be turned to expansion of the Sada group in the state of Minas Gerais. The company is going to expand its operations into production of alcohol and energy from sugarcane bagasse.
The biodigester, which generates gas from waste, is being used in the chicken farming in Brazil. It is way to control high electric energy expenses due to incubator use.
The funds should be spent up until 2013 on ethanol and biodiesel production.
The Brazilian company produces petrol with a mixture of 3% ethanol in the country. It is the first step to sell ethanol on the Asian market.
A report disclosed during the event, which gathers business and political leaders from several countries in Davos, calls for investment of US$ 515 billion a year in clean energy generation until 2030.
Barack Obama's administration has already shown interest in environmental issues. His campaign commitments included sustainable development and implementation of clean energy technologies.
The production, sold at the 12th National Petroleum Agency biodiesel auction, should start in the following weeks, within the schedule of entry into operation of the Montes Claros Biodiesel Plant.
The plants of Candeias, in the state of Bahia, and Quixadá, in the state of Ceará, ended the year with a total output of 8.8 million litres.
Part of the Indian vehicle fleet already runs on gasoline containing 5% of alcohol, a rate that may be increased to 10%. The country is interested in manufacturing the fuel.
Brazil exported 3.53 billion litres of ethanol in 2007 and should ship 6.1 billion litres abroad in 2011, according to a study by the National Supply Company. The cane crop this year should be record.