New Energy
Big Oil Eyes Brazil as Major Hub for Clean Jet Fuel
- Companies backed by Shell and Mubadala mull new SAF plants
- Brazil has cheap feedstock, makes low carbon intensity fuels
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A global push to decarbonize air travel has groups from Big Oil to sovereign wealth funds betting on Brazil to become a top global center for green jet fuel.
Brazil is becoming a magnet for investment as countries race to grab a share of what promises to be a fast-growing market, with Shell Plc and Abu Dhabi’s Mubadala Investment Co. considering new sustainable aviation fuel plants in the country. That’s in part because Latin America’s biggest economy is the world’s second-largest producer of ethanol, which can be used to produce SAF.