BNDES Approves R$ 258 Million for Acelen to Build Macaúba Innovation Center and Lead Renewable Diesel Production

Written by Bruno Teles

Published on 17/10/2024 at 15:09

BNDES, por meio desse financiamento, demonstra seu compromisso com a transição energética do Brasil (Imagem: Representação)

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Historic Financing Drives Acelen to Explore New Frontiers with Renewable Diesel and Sustainable Aviation Fuel Production in Minas Gerais and Bahia

The National Bank for Economic and Social Development (BNDES) has just taken a monumental step by approving financing of R$ 258 million for Acelen, which will be used to create a technological innovation center focused on the development of renewable diesel production. This unit, known as Acelen Agripark, promises to revolutionize research and development of the macaúba culture, a native Brazilian plant with extremely high energy potential.

With this financial support, Acelen is launching an ambitious project that not only aims for renewable diesel production, but also places Brazil at the forefront of sustainable aviation fuel (SAF) production, the fuel of the future.

Acelen Will Open Center for Renewable Diesel Production

The innovation center will be located in Montes Claros, Minas Gerais, and will be responsible for the research necessary for the company’s fuel biorefinery success. But that’s just the beginning! We are talking about a total investment of US$ 2.7 billion that promises to completely change the game.

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Innovation in Brazil

This project is innovative in many ways. To start, Acelen will transform degraded land into productive areas, using macaúba cultivation to produce 20,000 barrels of renewable fuel per day. The center’s capacity will impress: 1.7 million germinated seeds per month and 10.5 million seedlings per year! There is also a forecast to capture 60 million tons of CO2 equivalent, directly contributing to the fight against climate change.

20% of Production Will Come from Family Farming

Acelen doesn’t stop there. The strategy includes cultivating 180,000 hectares in the states of Minas Gerais and Bahia, with a highly relevant differential: 20% of the production will come from family farming, benefiting over 10,000 families. This is the type of development that impacts not just the environment but also the lives of thousands of Brazilians.

Brazil as a Major Producer of Sustainable Fuel

“With this initiative, Brazil takes an important step towards becoming a major producer of sustainable aviation fuel and a leader in the climate transition”, said Luciana Costa, director of Infrastructure, Energy Transition and Climate Change at BNDES. The bank sees this project as essential not only for renewable fuel production but also for the social and technological development of the country. All cultivation will be carried out on degraded land since 2007, a true example of sustainability in action.

The BNDES, through this financing, demonstrates its commitment to Brazil’s energy transition, in addition to highlighting the importance of initiatives with social, environmental, and technological impact. Acelen, in turn, emerges as one of the main companies leading this transformation, bringing innovation and sustainability in an integrated manner.

Now, the question remains: how can this project impact Brazil’s future in the global renewable fuels market?

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BNDES Approves R$ 258 Million for Acelen to Build Macaúba Innovation Center and Lead Renewable Diesel Production

Historic Financing Drives Acelen to Explore New Frontiers with Renewable Diesel and Sustainable Aviation Fuel Production in Minas Gerais and Bahia

Acelen Will Open Center for Renewable Diesel Production

Innovation in Brazil

20% of Production Will Come from Family Farming

Brazil as a Major Producer of Sustainable Fuel

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BNDES Approves R$ 258 Million for Acelen to Build Macaúba Innovation Center and Lead Renewable Diesel Production

Historic Financing Drives Acelen to Explore New Frontiers with Renewable Diesel and Sustainable Aviation Fuel Production in Minas Gerais and Bahia

Acelen Will Open Center for Renewable Diesel Production

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20% of Production Will Come from Family Farming

Brazil as a Major Producer of Sustainable Fuel

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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