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There were already some ethanol plants processing corn when sugarcane is out of season, but they're also a minority among all the ethanol plants. Anyway, the biofuels market is quite over-regulated here, which might lead to the slow pace for the diversification of ethanol feedstocks. So, unless a radical change happens on this matter, I see no viability to this plan. Honestly, even though this project could be surrounded by good intentions, it could have started better if it had provisions to pull down some of the excessive regulations set by the National Agency for Petroleum, Natural Gas and Biofuels that seem to be on effect just to keep the Petrobras' monopoly out of harm.
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