Biofuels

Petrobras opened a public selection process with up to BRL 23 million to finance four projects focused on used cooking oil collection and commercialization in municipalities near its refineries and biofuel units. The initiative targets strengthening cooperatives and associations of waste collectors to supply feedstock for renewable fuels including sustainable aviation fuel, with contracts running […]

Raízen formalized Brazil’s largest out-of-court restructuring plan after securing approval from creditors holding 75.45% of R$64.7 billion in financial obligations, clearing a critical threshold ahead of the June 8 legal deadline. The plan combines R$3.5 billion in fresh equity from Shell, potential R$500 million from Cosan’s controlling shareholder Rubens Ometto, and a 45% debt-to-equity conversion

Acelen Renováveis closed a $1.5 billion financing package for a $3 billion biorefinery in Bahia state that will produce sustainable aviation fuel and renewable diesel starting in 2029. The transaction marks a major milestone in positioning Brazil as a global hub for renewable transportation fuels, with international development banks backing the largest single SAF project

Petrobras is pursuing membership for its subsidiary PBio in Brazil’s biodiesel industry association, signaling a strategic shift from legislative battles toward commercial partnerships around its Diesel R co-processed product. The move comes as biodiesel producers face government resistance to expanding the mandatory blend beyond 15%, creating potential mutual ground for the historically adversarial parties to

Petrobras Biocombustível is restructuring to expand into biobunker markets and European biodiesel exports while evaluating the reactivation of its hibernated Quixadá facility. The subsidiary’s enhanced integration with Petrobras’ biorefining and energy transition initiatives signals increased alignment with Brazil’s decarbonization agenda, with production growth targeted for 2026 and beyond. Petrobras Biocombustível president Alex Gasparetto outlined the