Acelen to produce biofuel in Brazil using soybean oil from Bunge

By Lucas Morais

US grain trader Bunge Global SA (NYSE:BG) will deliver 300,000 metric tonnes of certified soybean oil annually to Acelen Renovaveis so that the latter can produce over 1 million metric tonnes of Sustainable Aviation Fuel (SAF) and Renewable Diesel (HVO) at its future biorefinery.

The Brazilian renewable fuels company, launched by Mubadala Capital, will invest more than USD 3 billion (EUR 2.63bn) in its new biorefinery, which will have the capacity to produce 1 billion litres of SAF and HVO annually.

Viewed as the first large-scale SAF and HVO production project in South America, the facility is set to commence operations in 2029 in the state of Bahia. The agreement is the largest of its kind for Bunge on the continent.

“This agreement reinforces Acelen Renewables’ strategy of developing a robust supply chain, securing part of the certified feedstock required to support biorefinery operations and enable large-scale renewable fuel production in Brazil. Access to certified feedstocks is essential to ensuring competitiveness, traceability, and operational reliability at the biorefinery. It also expands the availability of low-carbon fuels for both domestic and international markets,” said Cristiano da Costa, Vice President of Commercial and Trading at Acelen Renewables.

This article has been republished from The Renewables Now.