WASHINGTON, USA – 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 mobilise 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 emphasises its support to innovation and energy security in Brazil.