Mubadala Capital invests $2.5bn in Brazil to build SAF plant

Mubadala Capital inked a deal to invest $2.5 billion in Brazil over the next 10 years to build a sustainable aviation fuel and kerosene plant in the northeastern state of Bahia. The investment would be made through Acelen, Mubadala’s arm in Brazil, to start production in 2026. The project aims to reinforce Brazil’s role as a strategic provider of renewable fuels by capitalizing on its natural resources as the country already has a unit that produces soy-based biodiesel which was acquired by Mubadala in 2021. Acelen anticipates that all of its renewable fuel production will be exported as there is