Acelen Will Invest R$ 500 Million in Mataripe Refinery (Formerly RLAM) in Bahia With an Estimate of Creating Up to 4,000 Jobs

Acelen Announced On Tuesday (19) That It Will Invest R$ 500 Million In The Mataripe Refinery (Former Rlam) Located In Bahia And Forecasts That Up To 4 Thousand Jobs Will Be Generated At Peak Construction.

Acelen, a subsidiary of the Mubadala Capital investment fund, announced on Tuesday (19) an investment of R$ 500 million aimed at the Mataripe Refinery (Former Rlam) in Bahia, with the expectation of generating thousands of job openings. The funds will be used during the scheduled maintenance shutdown cycle of the unit over the next year. The estimate is that 4,000 jobs will be generated by Acelen at the peak of activities, which are expected to take place in October this year.

Mataripe Refinery (Former Rlam) Will Become More Competitive In Bahia

Celso Ferreira, Vice President of Operations at Acelen, stated that the investments will be used not only to create job openings but also to enhance competitiveness for the Mataripe Refinery, which was the first sold by Petrobras in its divestment program in the refining sector. Of the 26 production units of the former Rlam in Bahia, 11 will undergo scheduled shutdowns.

The company’s plan is to expand operational levels, which recorded 65% last year, to over 97% of installed capacity. Acelen believes that through new investments, it will be possible to produce new products, expand its production to other markets, and optimize service for its customers, in addition to generating new job openings in Bahia.

It is worth noting that the company manages the Mataripe Refinery, accounting for 30% of industrial production in Bahia and contributing about 20% of ICMS revenue in the state.

Understand The Details About The Sale Of The Mataripe Refinery To Acelen

On November 30, 2021, Petrobras completed the sale of the Mataripe Refinery to the Mubadala Capital fund, after all contractual conditions were met, and the sale was finalized with a payment of US$ 1.8 billion.

At the time, the company’s president, Joaquim Silva e Luna, stated that the sale operation is a crucial milestone for Petrobras and for the fuels sector in the country, believing that with new companies operating in the refinery, the market will be more competitive and there will be more investments, leading to the consolidation of the economy and bringing benefits to society such as job and income opportunities.

Additionally, it is part of the commitment made by Petrobras to the Administrative Council for Economic Defense (CADE) for the refining market to be opened. It is important to remember that Acelen is a company developed with a focus on operating the RLAM, the current Mataripe Refinery, in Bahia. At the time, Mubadala Capital made commitments to maintain the quality of the asset’s operation and ensure the supply for the market that relies on the refinery.

Get To Know Acelen

Acelen, whose name comes from the combination of the words excellence, energy, and acceleration, is committed to investing, evolving, and creating new opportunities. The company always seeks to develop the energy sector, always with excellence and best global practices, promoting the development of the market, society, Bahia, and its employees.

Always focusing on the future, the company has professionals with extensive experience in the fields of oil and gas, fuel distribution, chemicals, logistics, petrochemicals, bioenergy, and large-scale complex operations, who are always committed to making a modern company with the best relationships with its employees and customers.

The company is responsible for supplying about half of the Northeast region, an area that has an impressive forecast of economic and population growth in the coming years.