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Acelen Renewables awarded $1.5 billion in funding for biorefinery project in Brazil

This article was originally posted on Chemical Engineering Online.
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Summary
Acelen Renewables, the renewables arm of Mubadala Capital, has secured $1.5 billion to launch construction of a renewable fuels biorefinery in Bahia, Brazil. The financing includes a consortium supported and led by HSBC and the International Finance Corporation (IFC), bringing together 10 domestic and international financial institutions.

What impacts could this project have on Brazil’s biofuels supply chain and export potential, and which sustainability or feedstock considerations will be most critical to its success?

Acelen Renewables, the renewable energy company of Mubadala Capital, announced that it has secured $1.5 billion to initiate construction of its renewable fuels biorefinery in the state of Bahia, Brazil. Part of the funding is being provided through a consortium supported and led by HSBC and IFC, bringing together 10 leading domestic and international financial […]

The post Acelen Renewables awarded $1.5 billion in funding for biorefinery project in Brazil appeared first on Chemical Engineering.

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