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Acelen to invest $2.44 billion over 10 years to produce renewable diesel and SAF in Brazil

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Inaugurated in 1950, RLAM was the first refinery in Brazil. It is currently the second-largest in Brazil, with the highest installed capacity for production of gasoline, diesel and other oil derivatives in the country’s North and Northeast.

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Octillion becomes official battery supplier for FNM electric trucks in Brazil

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Li-ion battery provider Octillion Power Systems is working with the reborn FNM (now Fábrica Nacional de Mobilidades) in Brazil to produce battery-electric trucks; FNM has selected Octillion as the official battery supplier for the coming lineup. FNM was founded in 1942 and was the first truck manufacturer in Brazil.

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

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The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. After the United States, EIA expects liquid fuels production to increase the most in the non-OPEC countries of Brazil and Canada.

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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

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EIA expects sustained global demand for petroleum products and Saudi Arabia’s extended voluntary production cuts will contribute to oil prices rising through the year. —EIA Administrator Joe DeCarolis EIA also forecasts global liquid fuels production will increase by 1.4 In 2024, global production increases by 1.7

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ArcelorMittal Tubarão, Brazil first ResponsibleSteel steelmaking site in Latin America

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Launched in 2015, ResponsibleSteel sets global standards for sustainability performance and promotes the certification of steel chain companies through a network of independent certification bodies. ArcelorMittal has played a fundamental role in the establishment of this global multi-stakeholder standard and certification program.

Brazil 259
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BP forming 50:50 biofuels JV with Bunge in Brazil; growing existing biofuels business >50%

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BP will combine its Brazilian biofuels and biopower businesses with that of Bunge to create a world-scale, highly-efficient producer of sugarcane ethanol in Brazil: BP Bunge Bioenergia. Brazil is the world’s second-largest and most integrated market for ethanol as a transportation fuel with demand forecast to grow rapidly.

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EIA: Global trade in liquefied natural gas grew by 4.5% in 2021

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billion cubic feet per day (Bcf/d) of liquefied natural gas (LNG) was traded globally during 2021, an increase of 2.2 New LNG export capacity, primarily in the US, and rising global demand for natural gas drove continued growth in global LNG trade last year. Global LNG export capacity has increased by 29%, or 14.0

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