Green Park Energy raises $30 m to export hydrogen, ammonia

Green Park Energy to export hydrogen and ammonia from Brazil. The start-up, which is carrying out an ambitious project to produce hydrogen and ammonia in the Parnaiba economic zone (Piaui State) in Brazil, has just secured financing and long-term rights to export hydrogen from the port of Luis Correia. Founded in 2023 and headed by

Odebrecht’s invests 5 billion reais in sugarcane and ethanol

Odebrecht’s 5 billion reais investment in sugarcane and ethanol production promises a greener future for biofuels. The company harnesses gamma radiation to optimize the saccharification process, making Brazil a frontrunner in sustainable energy solutions. In a bold move that’s set to reshape Brazil’s sugarcane and ethanol landscape, Odebrecht, a leading construction and petrochemical conglomerate, has

Petrobras to explore business opportunities for e-methano

Petrobras signed a Memorandum of Understanding (MoU) with Danish company European Energy, to investigate the business opportunities for developing an e-methanol plant in Brazil. Petrobras said that e-methanol is a low-carbon substance that can be used in various industrial processes and as a fuel, especially for maritime transport. It is produced from various renewable sources

Petrobras sets sights on e-methanol

Brazilian state-controlled energy giant Petrobras has signed an agreement with Maersk’s future fuel supplier, European Energy, to evaluate e-methanol business opportunities. A non-binding memorandum of understanding signed in Denmark will see the two companies work towards developing an e-methanol plant in Brazil. Petrobras said the deal fits with its 2024–28 strategic plan to ensure the

India eyes Brazil’s ethanol technology to lower oil imports

India has been accelerating efforts to achieve 20 percent ethanol blending with petrol by 2025 in a bid to reduce reliance on crude oil imports. India is looking to benefit by taking a leaf out of the techniques used by the Latin American nation for ethanol blending. India aims to reduce its dependence on crude

Mubadala Capital, Petrobras agree to explore cooperation biofuel project

Mubadala Capital, the $20 billion global asset management firm, and Petrobras, the Brazilian integrated energy company, signed a Memorandum of Understanding (MoU) that will see the two parties explore a potential investment by Petrobras into a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil. The MoU builds on an

UNICAMP researchers grow microalgae for biofuel

A group of researchers at the State University of Campinas (UNICAMP) in Brazil have grown microalgae under controlled conditions in a laboratory in order to use their metabolites, especially lipids, with the prime purpose of producing biofuel. The study is reported in an article published in the journal Biomass Conversion and Biorefinery. The study analyzed

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

Brazil to bring federal tax exemption for fuels

Brazil President Luiz Inacio Lula da Silva has decided that a federal tax exemption for fuels will last one year for diesel and biodiesel, and two months for gasoline and ethanol, a decree published in the official gazette showed. The exemption from federal taxes on fuel represents a revenue waiver of 52.9 billion reais ($9.87

Brazil sets caps on GHG emissions

Brazilian President Jair Bolsonaro approved the resolution of the National Energy Policy Council (CNPE) defining the annual mandatory targets for reducing greenhouse gas emissions for the commercialization of fuels over the next ten years, under the National Policy for Biofuels (Renovabio), Agencia Brasil reported Tuesday after the measure was published in the Diário Oficial da