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Global agribusiness leader Bunge has finalized a significant five-year agreement with Acelen Renewables to provide certified soyabean oil for the latter's groundbreaking biorefinery project in Brazil. The deal commits Bunge to supplying 300,000 tonnes of certified soyabean oil annually for the facility, which is slated to commence operations in 2029.
Acelen Renewables, a subsidiary of Abu Dhabi-headquartered Mubadala Capital, announced the supply agreement on July 8, highlighting its importance as South America's inaugural large-scale production facility for Sustainable Aviation Fuel (SAF) and Renewable Diesel (HVO). This venture marks a pivotal milestone for both Brazil and the wider regional agribusiness sector.
The company emphasized that this agreement is a crucial step in establishing an integrated raw material supply platform for its future biorefinery. Cristiano da Costa, Vice President of Sales and Trading for Acelen Renewables, stated, 'This agreement reinforces Acelen Renewables’ strategy of developing a robust supply chain, securing part of the certified raw materials necessary to sustain the biorefinery’s operations and enable the large-scale production of renewable fuels in Brazil.'
Located on an existing industrial site in São Francisco do Conde, Bahia, a city on Brazil's Atlantic coast, the biorefinery was initially unveiled by Acelen in May. Upon completion, its first integrated production unit is projected to have an impressive capacity of 1 billion litres per year of SAF and HVO.
The facility will utilize a diverse range of feedstocks, including soyabean oil, used cooking oil (UCO), and macaúba – a native Brazilian palm crop. These inputs will be processed using Hydro-processed Esters and Fatty Acids (HEFA) technology to produce bio-based fuels.
Source: Oils & Fats International