What is the total investment amount secured by Acelen for its Brazil SAF biorefinery project, and who are the lead financiers?

Acelen has secured $1.5 billion to begin construction of its sustainable aviation fuel (SAF) and renewable diesel biorefinery in Bahia, Brazil. This financing is provided by a group of 10 financial institutions, led by HSBC and the World Bank's International Finance Corporation.

When is the Acelen biorefinery expected to start operations, what will its annual production capacity be, and what feedstocks will it use?

The refinery is expected to start operations in 2029 and will produce up to 1 billion liters per year of sustainable aviation fuel (SAF) and renewable diesel. It will use macauba—a native Brazilian oilseed—as well as traditional feedstocks including soybean oil and used cooking oil.

Mubadala's Acelen Secures $1.5 Billion to Launch Brazil SAF Biorefinery Project

May 21, 2026

Acelen, owned by Mubadala, secured $1.5 billion to construct a biofuels refinery in Bahia, targeting 1 billion liters of sustainable aviation fuel annually by 2029 using local oilseeds and feedstocks.

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Mubadala's Acelen Secures $1.5 Billion to Launch Brazil SAF Biorefinery Project

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Mubadala's Acelen Secures $1.5 Billion to Launch Brazil SAF Biorefinery Project

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