Brazil SAF Biorefinery Investments

Acelen Renewables has secured $1.5 billion to build out its renewable fuels biorefinery in Bahia, Brazil, targeting 1 billion liters of SAF and renewable diesel per year by 2029. The sustainable aviation fuel biorefinery in Brazil runs on HEFA technology, fed by macaúba palm oil, soybean oil, and used cooking oil, and uses around 144,000 hectares of cultivated land on degraded land, with 20% tied to family farming partnerships.

Around 90% of planned volumes are already contracted through partners, including Trafigura, Moeve, and Bunge. IFC and HSBC coordinated a financing consortium of 10 international institutions.

Acelen and Mubadala demonstrate that integrating agricultural production, land regeneration, and advanced fuel technology into a single project can build a commercially viable SAF facility at the scale required for the global aviation transition.

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