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Acelen, the right arm of the investment fund Mubadala Capital, announced a billionaire investment focused on the renewable energy market.
Luiz Mendonça, President of accelerate, said in an interview that the company, which owns the Mataripe refinery, located in Bahia, will invest around R$ 1,1 billion in renewable energy at the unit starting next year. This amount is similar to the resources invested during this year. It is important to emphasize that, in April alone, Acelen announced investments of R$ 500 million in the unit.
Acelen seeks to be a clean company with zero emissions
According to Mendonça, this value is 2,5 times more than what had been invested in Mataripe Refinery, noting that the unit in Bahia accounts for 14% of the country's refining capacity. The executive, who participates in the Rio Oil & Gas, also pointed out that a large part of this investment in the Mataripe refinery is aimed at boosting the unit's maintenance program and improving its efficiency. Mendonca mentions that the Acelen is breaking new ground, as the industry has become accustomed to not having a private refinery.
The objective, according to the executive, is to transform Acelen into a renewable energy company through purchases and mergers.
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Renewable energy could serve as the main source of supply for the Mataripe refinery
Mendonça states that one of Acelen's goals is to invest in sources of wind and solar energy. Without giving too many details, the executive highlighted the possibility of investments in parks to supply the Mataripe refinery itself.
Brazil is a frontier that must be explored. The company wants to be one of the leaders in the energy transition, with a team dedicated to new businesses, whatever they may be, through acquisitions and mergers.
Mendonça says that the strategy is to keep up with international market prices and the company cannot disconnect from it, given that isolating the country from the international market is putting it at risk. Acelen will always be competitive, the difference is its agility.
Acelen invests BRL 500 million in the Mataripe Refinery
The arm of the investment fund Mubadala Capital, announced in April an investment of R$ 500 million that promise to generate the opening of thousands of new jobs. The resources will be applied in the cycle of programmed stoppages of the maintenance of the unit during the next year.
It is estimated that 4 jobs will be generated by the company at the peak of activities, which should happen next October. The goal is to expand operating levels, which had records of 65% in 2021, to more than 97% of installed capacity.
The company believes that, through new investments, it will be possible to generate new products, expand its production to other markets and optimize customer service.
