In Brazil, Bloomberg reports that IG4, recently out of an agreement to take control of the petrochemical giant Braskem, has offered to buy Raízen debt amid a proposed restructuring plan that will convert 45 percent of its debt by about 80 percent of the capital, according to people familiar with the issue who spoke to […]
In Brazil, the International Air Transport Association (IATA) released estimates showing that global Sustainable Aviation Fuel (SAF) production is expected to reach around 2.4 million metric tons in 2026, representing just 0.8% of aviation fuel use, at a cost to airlines of $4.3 billion. “It looks to be another disappointing year for SAF production. Five […]
In Brazil, Reuters reports Raízen is moving forward with an out-of-court debt restructuring plan that includes a proposed $699 million capital injection from Shell and a potential additional investment from billionaire Rubens Ometto’s Aguassanta holding. The plan also calls for converting 45% of restructured debt into equity at a discounted share price. Creditors and bondholders […]
In Washington, the United States Trade Representative determined under Section 301 of the Trade Act of 1974 that certain of Brazil’s acts, policies, and practices related to digital trade and electronic payment services; unfair, preferential tariffs; anti-corruption enforcement; intellectual property protection; ethanol market access; and illegal deforestation are unreasonable and burden or restrict U.S. commerce, […]
In Brazil, “biovegetal” fiber hair extensions produced from corn and soybeans are gaining traction as an affordable, ecofriendly and hypoallergenic alternative to synthetic hair extensions. Fashion and beauty TikTok creator Arielle told The Root the biobased extensions also offer styling and heat resistance characteristics closer to human hair than petroleum-based counterparts. “The bundles was […]
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 […]
In Brazil, Forbes reports has officially started the operation of its first corn ethanol plant in Porto Alegre do Norte, in the Araguaia Valley (MT), after obtaining the authorization of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The new facility, according to 3tentos, will process 2,800 metric tons of corn per day. […]
In Brazil, Bloomberg reports Brazil’s record soybean harvest and strong processing activity have created a surplus of soybean oil, driving exports sharply higher after delays in expanding the country’s biodiesel mandate. Although global soybean oil prices have surged this year, Brazilian export prices remain heavily discounted, especially at Paranaguá port. Exports rose 47% through April, […]
In Brazil, FS and AMAGGI have just signed an agreement bringing together one of the leading ethanol producers in Brazil and the country’s largest Brazilian-owned grains and fibers company. The transaction — through which AMAGGI acquires a 40% stake in the share capital of FS — was filed with the Brazilian Antitrust (Cade) and its […]
In Brazil, Atvos announced the first unit focused on the production of corn ethanol, strengthening its performance in the country’s energy security and expanding its contribution to the supply of renewable energy solutions on a global scale. The project contemplates the expansion of the Santa Luzia Unit, in Mato Grosso do Sul, with integration between […]
