Brazil · Energy Transition

Key Facts

—The funding: the Acelen biorefinery secured $1.5 billion to start construction in Bahia, the energy arm of Abu Dhabi’s Mubadala Capital.

—The output: from 2029 the plant will make 1 billion liters a year of sustainable aviation fuel and renewable diesel.

—The lenders: a consortium led by HSBC and the IFC groups 10 institutions, including Brazil’s development bank, Abu Dhabi banks and Bank of China.