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GranBio, a Brazilian company owned by the Gradin family, is working to become a producer of biofuels and biochemicals. The family-held GranBio is currently commissioning a 82 million liters per year (22 MMgy) cellulosic ethanol plant (2G ethanol) in Alagoas, Brazil. It is the first industrial facility of the company. The facility is co-located with a first generation plant operated by Grupo Carlos Lyra, using process technology from Beta Renewables, enzymes from Novozymes and yeast from DSM. Breaking ground in January 2013, the plant is in final commissioning and according Granbio Annual Financial Records, the total investment was R$ 477.3 million (around US$ 208 million) including lab and agricultural machinery.