Last Updated on January 2, 2024 by News Editor
The aviation industry is responsible for significant global carbon emissions, and efforts to reduce its impact on the environment have become increasingly urgent. The Middle East and Africa region, which is home to some of the world’s busiest airports and airlines, has recognized this and is taking a proactive approach to sustainability. Recently, the UAE and Brazil made headlines with their $2.5bn joint investment in sustainable aviation fuel, marking a significant milestone in the quest to green the airline industry.
Sustainable aviation fuel, also known as SAF or bio jet fuel, is a renewable investment that is gaining popularity among airlines and governments worldwide. Made from various feedstocks such as agricultural waste, municipal solid waste, and non-food crops, SAF promises to reduce carbon emissions compared to conventional jet fuel significantly. In addition, it has the potential to create jobs and stimulate economic growth in the bioeconomy.
Acelen’s First Foray Into Sustainable Fuel: Meeting Global Demand For Clean Energy
Acelen is set to invest $2.5 billion over the next decade in renewable diesel and sustainable aviation kerosene production in Bahia, Brazil. The project responds to the increasing global demand for green aviation fuels. It aims to position Acelen as a worldwide leader in sustainable jet fuel production. Acelen’s CEO, Luiz de Mendonca, said that the renewable investment marks the company’s first step into sustainable fuels, with plans to expand globally. The project is expected to start production in early 2026 and primarily focus on selling products to the foreign market initially, where demand is high.
Sustainable Fuel Project: 90k Jobs, $17.3B Economic Boost, And 80% Carbon Emissions Reduction
The latest sustainable aviation fuel project in Bahia is a massive undertaking that is set to generate over one billion liters of fuel annually, reduce carbon emissions by up to 80%, and create 90,000 new jobs in Brazil. The project will inject 85 billion reals ($17.3 billion) into the Brazilian economy, positioning the country as a global leader in sustainable fuel production. Acelen has been committed to environmental sustainability from the beginning. The Mataripe Refinery in Bahia was refurbished to reduce its ecological impact, paving the way for the latest project’s success. This renewable investment is crucial to Acelen’s energy transition story and the country’s pursuit of a cleaner, greener future.
Leading Energy Transition: A Strategic Step Forward With A Unique Project
In a significant move towards a sustainable energy transition, Acelen has announced a transformative project to revolutionize the fuel industry. The project’s first phase will utilize soybean oil and other raw materials, tapping into Brazil’s vast agricultural potential. The second stage, slated to begin in 2025, will incorporate palm and macabre oil, an untapped native Brazilian tree oil with immense energy potential. The project is set to cover an area of 200,000 hectares, equivalent to 280,000 football pitches, with priority given to degraded areas.