Acelen Renewables lands $1.5B for Brazil biorefinery
In Brazil, Acelen Renewables announced a $1.5 billion funding package to start the construction of its renewable fuel biorefinery in Bahia. Part of the amount is funded by a consortium supported and led by HSBC and IFC and brings together ten national and international financial institutions: First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), BID Invest, BNDES, Asian Infrastructure Investment Bank (AIIB), Development Finance Institute Canada (FinDev Canada), KfW IPEX-Bank, Bradesco, BBVA, Bank of China.
The biorefinery, scheduled to start operation in 2029, will have the capacity to produce 1 billion liters of SAF (sustainable aviation fuel) and renewable diesel (HVO) and will have HEFA (Hydroprocessed Esters and Fatty Acids) technology, one of the main global technological routes for the production of renewable fuels. The project will position Brazil among the main global hubs of sustainable fuels for aviation and heavy transport, expanding the country’s energy security and contributing to a more resilient matrix in the face of oscillations and crises on the international stage.
Category: Fuels
