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

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.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

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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