Portuguese 
English 
Spanish 
4 min of reading 
The Group of Companies, Already Active in Palm Oil Production, Biofuels, and Thermal Power Plants, Announced the Creation of BBF BioTech. This New Company Will Offer Alternative Solutions to the Use of Petrochemicals for Sectors Such as Cosmetics, Pharmaceuticals, and Agribusiness.
During Approximately One Hour of Conversation, Milton Steagall Discussed Various Topics. In Each Subject, He Articulated Narratives and Passages That Seemingly Had No Direct Connection to What Was Being Addressed. However, to Fully Understand His Logic, These Fragments Would Prove Fundamental.
The 57-Year-Old Entrepreneur Is Responsible for Guiding Brasil BioFuels (BBF), a Company Founded by Him in 2008, Which Has Evolved Since Then to a Verticalized Model 100% Focused on the Northern Region. Currently, BBF Has an Estimated Revenue of R$ 1.5 Billion in 2022 and Is Launching Its New Business Unit, BBF BioTech, Which Will Be Focused on Biotechnology.
Steagall, Founder and CEO of BBF, Noted to Neo Feed That Throughout History, One Thing Has Always Triggered Another. However, He Also Stated That This Project Is Larger Than Any Other Achievement the Company Has Ever Made. To Start This New Story, the First Factory Dedicated to the BBF Division Was Established in Ji-Paraná, in the State of Rondônia. The Total Investment Was R$ 33 Million and the Monthly Production Capacity Will Be 3 Thousand Tons.
-
A Canadian retiree creates a hydroelectric system on a real river, generating energy continuously throughout the day and demonstrating how the power of water can supply a house with stability even in a simple structure.
-
CNPE strengthens policy and prevents imported biodiesel from being mixed with diesel, aiming to strengthen the Brazilian industry and protect jobs by reducing external dependence amid tensions in the global market.
-
Petrobras reaffirms its commitment to the market and ensures that it will carry out the energy transition safely to maintain national sovereignty.
-
Researchers discover a possible hydrogen deposit of up to 46 million tons beneath an ancient coal basin, and the volume could exceed half of the entire global production.
BBF BioTech Is Investing Approximately R$ 90 Million in Its Second Plant in Manaus (AM), Which Is Expected to Be Inaugurated in the First Half of 2024. The Structure Will Double the Division’s Production Capacity, Providing Renewable Raw Materials Produced from Vegetable Oils, Such as Palm Kernel Oil. This Initiative Aims to Replace the Use of Petrochemicals in the Agricultural and Food Sectors.
BBF Has Been Developing Its Portfolio for About a Year. The Entrepreneur Reported That Last Year 11 Patents Were Registered and More 13 Are Expected This Year. These Efforts Resulted in the New AmazonBio Care Line, Which Includes Ten Types of Inputs with Characteristics Such as Biodegradability and Low Levels of Thermal and Ocular Irritation.
The Products Covered by This Offer Range from Personal Care, Hygiene, and Cosmetic Products, Such as Shampoos, Soaps, Sunscreens, and Shaving Foams, to Industrial Uses Such as Solvents or Herbicides in Agribusiness.
BFF Completes R$ 133.4 Million Capital Increase Through Debenture Issuance
BBF BioTech Is in Market Prospection Phase After an Initial Stage of Sending Tested Samples to a Group of Companies. Without Disclosing Names, the Company’s Plan Is to Create Specific Cases with Smaller Clients Before Scaling Up.
According to Data from 2021, the Personal Care, Perfume, and Cosmetics Sector Moved R$ 124.5 Billion in Brazil. Moreover, the Country Ranks Among the Five Largest Global Markets in This Segment. For Example, to Illustrate the Potential of the Unit, the Purchase of Oxiteno by Indorama Ventures Was Closed for US$ 1.3 Billion. This Demonstrates That It Is Possible to Access Significant Advances in the Production Chain with This Division.
Oxiteno Is the Largest Importer of Palm Kernel in Latin America, a Product That Costs US$ 1.3 Thousand per Ton. Thus, BBF BioTech Has at Its Disposal the Necessary Resources to Manufacture Its Flagship Product. BBF Recently Announced an Investment of R$ 2.2 Billion in a Biorefinery in the Manaus Free Trade Zone. This Plant Will Have the Capacity to Produce Green Diesel (HVO) and Sustainable Aviation Fuel (SAF), with Operations Expected to Start in 2025 and the Potential to Absorb More Than 500 Million Liters Annually.
Through a Contract Signed in November 2021, the Entire Volume Will Be Dedicated to Vibra. This Is the Second Initiative of Its Kind in South America, as During the Same Period, BSBIOS, a Company of the ECG Group, Announced an Investment of US$ 1 Billion for the Construction of an Advanced Plant for Biofuels in Paraguay.
The Production of HVO and SAF for Vibra Only Uses the Yellow Part of the Palm Tree. What the Company Is Not Interested in, However, Is the Inner White Part. Nonetheless, Steagall Highlights That with This Residue It Is Possible to Produce the Same Ethoxylates That Oxiteno Creates, but Being 100% Renewable and Green. Meanwhile, There Are Other Ongoing Projects in the Northern Region Aimed at Recovering Degraded Areas According to the Group’s Proposal. One Example of These Projects Is the Production of Ethanol from Corn in Boa Vista (RR), Whose Start of Commercial Operations Is Expected for 2024.
On the Way to R$ 2 Billion
BBF, Which Is Controlled by Steagall and Other Unrevealed Individual Shareholders, Has an Asset Volume Valued at Approximately R$ 2.1 Billion. The Group Owns Three Palm Oil Crushing Units, a Soy Extruder and One Biodiesel, in Addition to 38 Thermal Power Plants in the Region. These Structures Have an Installed Capacity of 86.8 Megawatts and Serve Approximately 140 Thousand Clients.
To Finance Its Expansion in the Amazon Market, BBF Is Seeking Partnerships and Resources Such as Loans from BNDES. Recently, the Company Completed a New Debenture Issuance That Raised R$ 133.4 Million. In the Medium Term, BBF’s Goal Is to Go Public When It Is Possible to Reopen Windows for IPOs and Project Revenues of R$ 2 Billion in 2023.
Seja o primeiro a reagir!