In Brazil, Petrobras completed the production and commercialization of the first batch of SAF (Sustainable Aviation Fuel) produced from soybean oil with CORSIA low-risk certification ILUC, which attests to sustainability criteria and lower risk of impact on new areas. The volume marketed, of 3.8 thousand m3, was obtained by co-processing at the Duque de Caxias […]
In Brazil, Zachs Equity Research reports Petrobras is moving forward with its $1.2 billion bioQAV and renewable diesel facility at the Presidente Bernardes Refinery near Sao Paulo. Set to begin commercial production 2030, the expansion project aims to produce 15,000 barrels per day of sustainable fuels, making it one of the largest in Latin America. […]
In Brazil, Reuters reports Cargill is assessing the feasibility of using beef tallow as a biodiesel feedstock in Brazil as U.S. tariffs make exports of the animal fat less attractive. The company currently does not use tallow in its biodiesel operations but is studying its potential, aided by the fact that one of the biodiesel […]
In Brazil, Honeywell announced that its modular Ecofining™ process technology, specialized pumps, compressors, and integrated control and safety systems will help drive sustainable aviation fuel (SAF) and renewable diesel production for Acelen Renewables’ greenfield site in Bahia, Brazil. “Brazil is set to produce the fuel of the future through a project that is sustainable—economically, socially, […]
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 […]
