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UAE's Mubadala Capital plans $13.5-B biofuels investment in Brazil

Mubadala Capital, a subsidiary of Abu Dhabi's Mubadala Investment Company, is planning a $13.5-B investment in Brazil's biofuels sector over the next decade.

The move aligns with Abu Dhabi's broader strategy for Brazil, including establishing a new stock exchange. Oscar Fahlgren, head of Mubadala Capital in Brazil, disclosed a significant energy project by Acelen. This project will utilize five $2.7-B modules, each producing 20,000 bpd of biofuels from 2026. The investment also involves converting a Petrobras-owned oil refinery in Bahia.

Funding will come from equity and debt over 5 yr-10 yr. Mubadala Capital aims to establish a new Brazilian stock exchange next year through Americas Trading Group acquisition, aiming to improve financial infrastructure. 

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