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Volkswagen brand to invest €1B by 2026 in South America; targeting 40% growth in Brazil

Green Car Congress

The Volkswagen brand aims to make significant gains in South America with a major product offensive. By 2027, the company plans to grow by 40% in Brazil, the region’s largest market. Before the end of 2023, the company is bringing its first fully electric models to Brazil: the Volkswagen ID.4. of Brazil’s land.

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

Green Car Congress

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. EIA expects Brazil’s production to increase from 3.7 million b/d) in 2021. million b/d in 2021 to 3.9

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

Green Car Congress

Brazil’s Acelen will invest more than R$12 billion (US$2.44 billion) over the next 10 years in the production of renewable diesel and sustainable aviation fuel (SAF) through the hydrotreatment of vegetable oils and animal fat. The company is expected to start production in the first quarter of 2026. million vehicles.

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Octillion becomes official battery supplier for FNM electric trucks in Brazil

Green Car Congress

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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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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BMW Group is electrifying Plant Araquari in Brazil

Electric Cars Report

The BMW Group is strengthening its involvement in Brazil by electrifying the Araquari plant. Following a record sales for electrified vehicles in Brazil last year, the BMW Group announced local production of the BMW X5, the very first premium plug-in hybrid model built in South America.

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ArcelorMittal Tubarão, Brazil first ResponsibleSteel steelmaking site in Latin America

Green Car Congress

The company manufactures flat steel products—primarily hot-rolled plates and coils—for both domestic and international markets. ResponsibleSteel's role is to improve responsible steel supply, production, use and recycling by developing high-quality standards, certification, and other tools. ArcelorMittal Tubarão.

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