Acelen to invest in biofuels

Mubadala Capital’s Acelen has announced that it will invest $2.44bn (BRL12bn) over 10 years to make biofuels in Brazil. This work will begin in 2026. The company signed a memorandum of understanding with the government of Bahia in Abu Dhabi. The new biorefinery, which the company plans to begin building in 2024, will have the