English 
Spanish 
3 min read
0 comments
BNDES announced an investment of R$2 billion to boost the Brazilian naval industry, focusing on shipbuilding, decarbonization of the fleet and development of Marine Spatial Planning.
In a ceremony aboard the Navy ship H-39 in Rio de Janeiro, the National Development Bank (BNDES) revealed an ambitious initiative to promote marine industry from Brazil. Aloizio Mercadante, president of the bank, announced last Wednesday (24/01), that an investment of R$ 2 billion is planned for shipbuilding, through the Merchant Marine Fund (FMM).
See: PAC will develop the Naval Industry in Brazil
How BNDES will support the Brazilian shipping industry
The new fronts of action, integrated into the BNDES Azul program, aim to boost the economic and sustainable development of the ocean.
Among the measures announced are the development of Marine Spatial Planning (PEM), resources for innovation and decarbonization of the naval fleet, incentives for port infrastructure and support for water resources.
- Nuclear-powered bulk carriers could sail longer, faster and cheaper, transforming the shipping industry
- Turquoise hydrogen emerges as a game changer promising to revolutionize industry and accelerate energy transition
- Vale da Celulose: Mato Grosso do Sul will receive R$75 billion in investments in the cellulose sector, leading the industrial revolution in Brazil with 75% of the resources injected into the state
- With an investment of R$ 1,2 BILLION and the creation of more than 1000 jobs, Raízen begins construction of an E2G ethanol plant
Mercadante highlighted the strategic importance of the oceans for a country with an extensive 8,5 million kilometers of coastline, stating that “interests in the oceans are decisive for the future”.
The PEM, a partnership between the government and the Navy, aims to map the uses of the marine environment to articulate public policies, with studies planned in the north (Blue Amazon), south and southeast regions.
Decarbonization of the naval fleet: BNDES incentives for the use of renewable fuels
With regard to the decarbonization of the naval fleet, the BNDES established policies to encourage the use of renewable fuels.
Projects that demonstrate clean initiatives will be able to enjoy a reduction of up to 0,4 percentage points in the interest rate.
Mercadante highlighted that these initiatives are in line with international trends in the sector, warning of fines foreseen by the International Maritime Organization (IMO) from 2030 onwards for vessels without sustainable fuel.
Furthermore, BNDES also announced investments ports, providing financing lines to support the R$45 billion allocated by the Growth Acceleration Program (PAC) for the sector, covering leases and Private Use Terminals.
The state bank indicated the possibility of establishing partnerships with private sector entities and carrying out operations in the capital market.
This announcement comes amid the “New Industry Brazil”, a R$300 billion package announced by the government of Luiz Inácio Lula da Silva (PT) to boost national industry.
With BNDES contributing R$250 billion, the proposal highlights the return of the State as the main driver of national development, including tax incentives and financing by state-owned companies.
Finep (Financier of Studies and Projects) and Embrapii (Brazilian Industrial Research and Innovation Company) complete the financing.
Source: Power360
