Acelen Renewables, a subsidiary of Acelen sponsored by Mubadala Capital, hosted a strategic event at the Museum of the Future in Dubai to globally introduce its groundbreaking $2.5 billion energy transition project in Brazil. The initiative focuses on renewable fuel production, particularly Sustainable Aviation Fuel (SAF) and Renewable Diesel, derived from the native Brazilian Macauba plant, boasting high energy potential. The event, held during COP-28, saw the presence of global authorities and leaders.
Key Highlights from the Event
- Investment Details: Acelen Renewables enters the market with investments exceeding $2.5 billion, emphasizing its commitment to advancing sustainable energy solutions.
- Renewable Fuel Production: The primary focus is on producing renewable fuels, including Sustainable Aviation Fuel and Renewable Diesel, utilizing the energy potential of the Macauba plant.
- Strategic Partnerships: Several partnerships were announced during the event, including collaborations with Honeywell, ALFA LAVAL, and AFRY, fostering technological advancements and consulting services for the project.
- Innovation Hub in Bahia: Acelen Renewables pledged to build a biorefinery in Bahia and establish an innovation hub, engaging local research institutions and universities, supporting technological development, and training small farmers.
- Center for Innovation in Minas Gerais: The company will implement a Center for Innovation and Agro-Industrial Technology (CITA) in Montes Claros, Minas Gerais, focused on research, development, and production of high-quality Macauba seeds and seedlings.
- Paul Polman’s Insight: Renowned author Paul Polman, recognized for his work on UN Sustainable Development Goals, emphasized the critical role of Acelen Renewables’ project in contributing to the planet’s well-being and addressing climate change.
Economic and Environmental Impact
Acelen Renewables aims to stimulate an economic impact of over $17 billion USD, generate 90 thousand direct and indirect job opportunities, and reduce CO2 emissions by up to 80% compared to fossil fuels throughout the project.
Global Recognition
The event received recognition from global figures, including Saled Alsuwaidi, Ambassador of the United Arab Emirates to Brazil, Oscar Fahlgren, CIO of Mubadala Capital, and other esteemed guests.
Macauba: A Sustainable Choice
The Macauba plant, native to Brazil, offers high oil productivity per hectare, competitive water and nutrient use efficiency, and serves as an environmentally friendly perennial species promoting carbon capture.
Future Prospects
Acelen Renewables expressed its commitment to developing a ‘fully sustainable’ project, addressing economic, social, and environmental aspects, contributing significantly to Brazil’s role in the global energy transition.
In conclusion, the event marked a significant milestone for Acelen Renewables and its partners, signifying a proactive approach to shaping a greener and sustainable future in Brazil’s energy landscape.
Source: prnewswire.com
