PROJECT

Projects

Summary of Investment Information

Project Number

51497

Company Name

Acelen Energia Renovavel S.A.

Date SPI Disclosed

Dec 24, 2025

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Feb 27, 2026

Environmental Category

A - Significant

Status

Pending Disbursement

Last Updated Date

May 15, 2026

Department

Regional Industry MAS LAC & EUR

Industry

Manufacturing

Previous Events

Approved : Apr 10, 2026
Signed : May 8, 2026

Sector

All Other Basic Organic Chemical

Project Description

 The proposed investment consists of an A Loan, B Loans and Parallel Loans of up to US$850 million to Acelen Industrial S.A. (“Acelen” or the “Company”), a subsidiary of Acelen Energia Renovável S.A. The proposed project aims to support the construction of a new seed-to-fuel biorefinery in Bahia, Brazil (the “Project”), with a capacity of 20 kbpd using Hydroprocessed Esters and Fatty Acids (HEFA) technology to produce Sustainable Aviation Fuel (SAF) and Renewable Diesel (RD).

Associated Advisory Engagement

 Via an Upstream agreement (Project Review Letter), IFC is engaged with Acelen to (i) review and assure the bankability, scalability, and sustainability (E&S, climate, technical, etc.) of the Acelen macaúba strategy; and (ii) support the development of Acelen's feedstock strategy for its HEFA plants.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation