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Mubadala’s Acelen Secures USD1.5b to Launch Brazil SAF Biorefinery

4 June 2026

Acelen, a Mubadala-backed Brazilian refiner, secured USD1.5b to begin construction of a biofuels refinery in the northeastern state of Bahia. Funding was provided by over 10 financial institutions, including HSBC and the IFC. #RealAssets