Brazilian Acelen to invest in renewable diesel

Acelen, a company backed by Mubadala Capital, plans to invest $2.44 billion to produce "green" jet fuel and diesel in Brazil. The new biorefinery is expected to produce one billion liters of hydrotreated vegetable oil per year, reinforcing Brazil's role as a strategic supplier of renewable fuels.

Partagez:

Acelen, backed by Mubadala Capital, will invest R$12 billion ($2.44 billion) over 10 years to produce “green” diesel and jet fuel in Brazil starting in 2026, making it one of the world leaders in this segment.

The new biorefinery, which the energy company plans to begin construction in January 2024, will have the capacity to produce one billion liters per year of hydrotreated vegetable oil (HVO), a diesel-like fuel made without fossil resources that comes from vegetable oils and animal fats.

Brazil has a leading role in renewable diesel

The project reinforces Brazil’s role as a strategic supplier of renewable fuels, capitalizing on its abundant natural resources. Brazil already produces biodiesel from soybeans and ethanol from sugar and corn.

Marcelo Cordaro, vice president of new projects at Acelen, said the biorefinery will use the existing infrastructure of its Mataripe plant, including storage and logistics, as well as the port terminal for exporting the new fuels. The unit, which represents 14% of Brazil’s oil refining capacity, was acquired by Mubadala from state-owned Petroleo Brasileiro (PETR4.SA) in 2021.

Acelen’s goal is to become a global player

Initially, soybean oil will be the plant’s primary feedstock, which could make Acelen the largest single buyer of the commodity in Brazil. The plant will need up to 900,000 tons of soybean oil per year. There is also expected to be an additional 100,000 to 150,000 tons of corn oil and animal fats consumed annually. Acelen signed a memorandum of understanding in Abu Dhabi with the government of the State of Bahia last Saturday.

Acelen expects that all of its renewable fuel production will be exported, as there are still no regulations in the Brazilian market that make domestic sales possible. “We want to be a global player, we are starting to be big, we already have the competitiveness to operate abroad,” said Acelen’s Vice President of Institutional Relations, Communication and ESG, Marcelo Lyra. “Obviously, the Brazilian market is growing and starting to encourage this type of fuel, so logically for us it would be interesting to participate.”

  • Populaires ​
Burundi Inaugurates Major $320 Million Hydroelectric Power Plant
France: Générale du Solaire inaugurates 20 MWc floating solar plant in Alsace
Chevron and Energy Transfer Expand Their LNG Agreement at Lake Charles
Global small-scale LNG market to reach $31.78bn by 2030
BrightNight launches 300 MW solar plant in Arizona with Cordelio Power
Australia considers east coast gas reservation as market pressures intensify
The Australian government is considering the establishment of an east coast gas reservation as part of a sweeping review of market rules to ensure supply, with risks of shortages signalled by 2028.
The drilling fluids industry will reach $10.7bn by 2032 driven by oil expansion and chemical innovations
The increase in oil drilling, deepwater exploration, and chemical advances are expected to raise the global drilling fluids market to $10.7bn by 2032, according to Meticulous Research.
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
Enbridge Gas Ohio is assessing its legal options following the Ohio regulator's decision to cut its revenues, citing potential threats to investment and future customer costs.
France: Toul inaugurates 8.5 MW biomass heating plant with ENGIE Solutions
The city of Toul has officially inaugurated a biomass heating plant operated by ENGIE Solutions, intended to supply heating from wood-energy to over 2,400 local homes starting from the next winter season.
North American biomethane market to reach 604 mmcfd in 2025
North American biomethane capacity will increase by 70 million cubic feet per day in 2025 following a record growth of 139 mmcfd in 2024, driven notably by transportation sector demand, according to Wood Mackenzie.
Voluntary carbon market attracts $3 billion to industrial biomass sector
The voluntary carbon market intensifies industrial interest in carbon capture within the pulp and paper and bioenergy sectors, creating an estimated $3 billion opportunity through carbon credit trading.
Germany Shakes Up Biomethane and GHG Markets with New RED III Directive
Germany’s announcement to eliminate double counting is shaking up manure-based biomethane and GHG certificate markets, prompting buyers to anticipate significant price hikes.
Europe extends gas storage obligations until 2027
The European Union extends gas storage regulations by two years, requiring member states to maintain a minimum fill rate of 90% to ensure energy security and economic stability amid market uncertainties.
Woodside completes sale of 40% stake in Louisiana LNG project to Stonepeak
Woodside finalises the divestment of a 40% stake in the Louisiana LNG project to Stonepeak, injecting $5.7 billion to accelerate developments and optimise financial returns ahead of first gas delivery scheduled in 2026.
Keranic takes over Royal Helium and fast-tracks Steveville plant restart
Keranic Industrial Gas seals a sixty-day exclusivity deal to buy Royal Helium’s key assets, raise CAD9.5mn ($7.0mn) and bring Alberta’s Steveville plant back online in under fifteen weeks.
Fusion Fuel: Al Shola Gas secures AED4.4 mn ($1.2 mn) in contracts
The Irish-Portuguese company Fusion Fuel strengthens its footprint in the United Arab Emirates as subsidiary Al Shola Gas adds AED4.4 mn ($1.2 mn) in new engineering contracts, consolidating an already robust 2025 order book.
Cheniere Energy Approves Expansion of Corpus Christi LNG Terminal for 2029
Cheniere Energy validates major investment to expand Corpus Christi terminal, adding two liquefaction units to increase its liquefied natural gas export capacity by 2029, responding to recent international agreements.
LNG industry could reduce emissions by 60%, according to IEA
A study by the International Energy Agency reveals that global emissions from liquefied natural gas could be significantly reduced using current technologies.
Europe accelerates gas storage filling despite declining reserves
Europe is injecting natural gas into underground storage facilities at a three-year high, even as reserves remain below historical averages, prompting maximized imports of liquefied natural gas (LNG).
Seoul freezes electricity rates amid LNG supply risk concerns
South Korea abandons plans to lower electricity rates this summer, fearing disruptions in liquefied natural gas supply due to escalating geopolitical tensions in the Middle East, despite recent declines in fuel import costs.
Russia ready to deliver liquefied natural gas to Mexico
Russia positions itself to supply liquefied natural gas to Mexico and considers expanded technological sharing in the energy sector, according to Russian Energy Minister Sergey Tsivilyov.
Israel resumes gas exports to Egypt and Jordan
Israel has partially resumed its natural gas exports to Egypt and Jordan following a week-long halt due to the closure of two major offshore gas fields, Leviathan and Karish.
Nepal Identifies Major Methane Reserve Estimated at 112 Billion m³
Nepal reveals a significant potential reserve of methane in the west of the country, following exploratory drilling conducted with technical support from China, opening new economic prospects.
Petronas and JOGMEC Sign Strategic Agreement around LNG Canada Project
Petronas formalizes a memorandum with JOGMEC to secure Japanese LNG deliveries, including a first cargo from LNG Canada scheduled for July at Toho Gas.
Serbia negotiates gas deal with Gazprom at competitive European price
Belgrade is currently finalising a new gas contract with Russia, promising Europe's lowest tariff, according to Srbijagas General Director Dusan Bajatovic, despite Europe's aim to eliminate Russian imports by 2027.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS