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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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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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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. The initiative involves more than 40 members and associates, consisting of steel chain companies and civil society organizations around the world. ArcelorMittal Tubarão.

Brazil 259
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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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Sigma Lithium begins construction of foundation and infrastructure for lithium production plant in Brazil

Green Car Congress

Canada-based Sigma Lithium Corporation ( earlier post ) has begun construction on site to build the foundation and infrastructure installation of its greentech dense media separation production plant, at its wholly owned Grota do Cirilo project in Brazil. —Ana Cabral-Gardner, co-CEO and lead commercial officer.

Brazil 150
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Brazil’s Aerotec to invest ~$5M in Li-S battery company OXIS Energy; expanding into Brazil

Green Car Congress

million) in Li-Sulfur battery company OXIS Energy. OXIS says that it has achieved 400 Wh/kg at the cell level; the company is targeting 500 Wh/kg for 2019. The Aerotec investment paves the way for OXIS Energy to open a subsidiary in Brazil. Aerotec, a Brazilian Private Equity fund, will invest £3.75 million (US$5.2

Brazil 199