(Menarfin– Brazil-Arab News Agency (ANBA))
Sao Paulo – Aseron energy company owns Masarip refinery, by exchange capital, intending to invest more than 12 billion reais (approximately $2.43 billion at current exchange rates) to produce renewable fuels in Brazil over the next decade. A Memorandum of Understanding (MoU) was signed this Saturday (15) in Abu Dhabi, United Arab Emirates, during the visit of Brazilian President Luiz Inácio Lula da Silva to the country.
Mubadala Capital is a subsidiary of Abu Dhabi-based Mubadala Investment Company. Witnessed by Lula and UAE President and Emir of Abu Dhabi, Mohamed bin Zayed Al Nahyan, Bahia Governor Jerônimo Rodrigues (PT Party), with Mubadala Investment Company Chief Executive and executive director Khaldoon Khalifa Al signed the memorandum of understanding for Mubarak (above). The Mataripe refinery is located in the state of Rodrigues.
According to Acelen, it is expected to produce 1 billion liters renewable fuel In one year, 90,000 direct and indirect jobs were created and CO2 emissions were reduced by up to 80% by replacing fossil fuels, making the company one of the world’s largest producers of renewable fuels.
investment can make production renewable diesel and sustainable jet fuel , produced by hydrotreating vegetable oils and animal fats. The company expects to start production in the first quarter of 2026. The project is structured to be fully synergistic with the Mataripe refinery, utilizing existing facilities, tanks and logistics infrastructure.
Translated by Elúsio Brasileiro
Ricardo Stuckert/Office of the President of Brazil
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