Mubadala Capital to invest $13B in Brazilian SAF over next decade

In the UAE, the Financial Times reports Mubadala Capital plans to invest $13 billion in sustainable aviation fuel and renewable diesel in Brazil in five $2.7 billion “modules” through its energy company Acelen. Each of the five planned facilities, the first of which is set to be online by the end of 2026, will produce 20,000 barrels of fuel per day. Key to the roll out of the modules will be the converting the Petrobras refinery that the company bought in Bahia in 2021.