Arab Giant to Invest R$ 12 Billion in Mega Plant for Sustainable Fuel Production in Brazil

Written by Roberta Souza

Published on 20/02/2024 at 22:16

Foto: reprodução Envolverde

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The New Mega Plant for Sustainable Fuel Generation Was a Petrobras Refinery and Has Now Been Acquired by Acelen

Acelen, a company controlled by the Arab fund Mubadala Capital, is ready to invest at least R$ 12 billion in an initiative to transform a plant in Brazil into a production center for sustainable fuel. The company acquired the Mataripe Refinery from Petrobras, located in Camaçari (BA), and now has grand plans for its investments in the country, according to Gizmodo.

Acelen’s Ambitious Plans for Sustainable Fuel in Brazil

Acelen plans to use the fruit of the native Brazilian palm Macaúba to produce 1 billion liters of green diesel and sustainable aviation fuel per year. The company is finalizing investment details and expects to close the deal in the first half of next year.

The company aims to build a sustainable fuel biorefinery in the same area where the Mataripe refinery is located in Brazil. Additionally, the plan includes planting the palm tree on 200,000 hectares of degraded areas in Bahia and northern Minas Gerais.

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Macaúba’s Potential for Sustainable Fuel Production

The macaúba is a native Brazilian palm tree with great potential but still little explored commercially. It could be crucial for Brazil to increase its production of biodiesel and sustainable fuel without the need to open new areas or compete with crops intended for food, such as soy.

With an oil yield five times greater than other crops, macaúba has the potential to significantly contribute to the recovery of pastures and degraded areas. Furthermore, the palm tree could be a viable alternative to increase profitability in livestock farms in the country.

Reduction of Fossil Fuel Use

The macaúba could also be an important solution for reducing the use of fossil fuels, such as kerosene, in the aviation sector. With the search for cleaner fuels, the palm tree could be an excellent option for generating renewable energy and fuel for airplanes in Brazil.

In addition to biodiesel and biojet fuel, macaúba can be used to produce high-quality cakes and feeds for animal nutrition, as well as various food, pharmaceutical, and cosmetic products. This could help introduce agribusiness in regions with underperforming economies, promoting income generation and jobs.

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Arab Giant to Invest R$ 12 Billion in Mega Plant for Sustainable Fuel Production in Brazil

The New Mega Plant for Sustainable Fuel Generation Was a Petrobras Refinery and Has Now Been Acquired by Acelen

Acelen’s Ambitious Plans for Sustainable Fuel in Brazil

Macaúba’s Potential for Sustainable Fuel Production

Reduction of Fossil Fuel Use

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Arab Giant to Invest R$ 12 Billion in Mega Plant for Sustainable Fuel Production in Brazil

The New Mega Plant for Sustainable Fuel Generation Was a Petrobras Refinery and Has Now Been Acquired by Acelen

Acelen’s Ambitious Plans for Sustainable Fuel in Brazil

Macaúba’s Potential for Sustainable Fuel Production

Reduction of Fossil Fuel Use

China has been trying for 13 years to build a railway in the Gobi Desert to reach Mongolia, and there are still 20 kilometers left that no one can finish due to a problem that seems impossible to solve.

Without a blueprint, without an engineer, and using scrap from the dump, a father spends 15 years building an 18-room castle for his daughter, featuring tram tracks, 13 fireplaces, and over 700 m², which may now be demolished.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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