IDB Invest Supports Acelen Renewables' Fuel Production Expansion in Brazil

WASHINGTON - IDB Invest approved financing of $109 million for Acelen Renewables to support the expansion of aviation fuel production in the state of Bahia, in Brazil, helping the supply of international markets amid strong demand.

The project involves the development, construction, and operation of a new industrial facility adjacent to the existing Refinaria de Mataripe, leveraging shared logistics and infrastructure to enhance efficiency and competitiveness. Once operational, the facility is expected to become one of the largest of its kind in Latin America, using feedstocks, contributing to the diversification of aviation fuel supply and supporting diversified and resilient aviation fuel supply chains.

The project is expected to generate positive impacts on rural development, innovation, and sustainability. It will promote the restoration of degraded lands through sustainable agroenergy systems and support the integration of smallholder farmers into biobased value chains, creating income opportunities, knowledge transfer, and capacity building in rural areas.

"Acelen's platform shows how first-of-its-kind energy projects can drive innovation, rural development, and sustainability at scale", Elizabeth Robberetchs, Managing Director for Infrastructure and Energy at IDB Invest.

IDB Invest's financing consists of a senior loan of $109 million. The investment is part of a broader financing package alongside commercial banks and development finance institutions, helping mobilize long-term capital for a first-of-its-kind project in the region.

Beyond financing, IDB Invest will also provide advisory services by supporting the adoption of international environmental and social standards, strengthening operational capacity, and reinforcing responsible business practices throughout the project's lifecycle. IDB Invest's participation emphasizes its support to innovation and energy security in Brazil.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.

About Acelen Renewables

Acelen Renewables is the renewable energy platform of Acelen, focused on developing scalable solutions that support the decarbonization of aviation. The company is advancing integrated projects across sustainable aviation fuel (SAF), renewable feedstocks, and bio-based value chains, with an emphasis on innovation, operational excellence, and positive development impacts. Acelen Renewables' strategy combines industrial-scale production with sustainable land use and supply-chain integration, positioning the company as a long-term contributor to the global energy transition.