Mubadala Capital to invest $2.5 billion to build SAF plant in Brazil

In Jordan, MENAFN reported that Mubadala Capital, a state-owned investment firm in the United Arab Emirates (UAE), has signed a deal to invest $2.5 billion in Brazil over the next 10 years to build a sustainable aviation fuel and kerosene plant. The plant will be located in the northeastern state of Bahia and will be built through Acelen, Mubadala’s arm in Brazil, with production set to begin in 2026. According to the report, the project will produce 1 billion liters of hydrotreated vegetable oil per year. Acelen anticipates that all of its renewable fuel production will be exported.

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