Mubadala Capital plans to invest R$68.5 billion in biofuels in Brazil

Mubadala Capital, from Abu Dhabi, intends to invest around US$13.5 billion (R$68.5 billion at current prices) in a large biofuels project in Brazil over the next decade, as part of broader plans for the country which include the creation of a new stock exchange, the Financial Times reported this Sunday (5).

The institution is one of the main sovereign investment funds in the world, which belongs to the government of the Emirate of Abu Dhabi. Its assets under management are in the order of US$276 billion (R$1.4 trillion). There are around 50 investments in more than 50 countries, according to the Mubadala website, in the aerospace, oil and other fuels, renewable products and public and defense services sectors. Among the fund’s partnerships are names such as Boeing, Petronas, Siemens, Rolls-Royce, Equinor and Statkraft.

At the end of last year, Mubadala Capital had signaled that it intended to invest more than US$1 billion per year to expand the holdings it already has in Brazil. In October 2023, Mubadala acquired 10% of the shares that Novonor still held in Atvos (formerly Odebrecht Agroindustrial), with the aim of investing in biomethane, corn ethanol and sustainable aviation fuel (SAF). .

On that occasion, the fund announced a contribution of R$350 million to build a biomethane plant in the municipality of Nova Alvorada do Sul (MS), where it already controls the Santa Luzia plant, which produces ethanol. Atvos reported that construction is expected to begin in 2024.

Read too: