By Brazil Stock Guide – Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala Investment Company, visited Mubadala Capital’s operations in Rio de Janeiro and the Acelen Renewables technology hub in Montes Claros, Minas Gerais, this week. The visit marks a milestone for the Abu Dhabi-based sovereign investor’s growing footprint in Latin America and underscores its commitment to developing large-scale renewable energy assets in Brazil.
Acelen Renewables, wholly owned by Mubadala Capital, is building what is set to become one of the largest renewable diesel (HVO) and sustainable aviation fuel (SAF) plants in the Southern Hemisphere, with investment estimated at around US$ 2.5 billion. The project will process vegetable oils and waste feedstocks into low-carbon fuels, positioning Brazil as a strategic node in the global energy transition. The visit was attended by Mubadala executives including Waleed Al Mokarrab Al Muhairi, Hani Barhoush, Oscar Fahlgren, Leonardo Yamamoto, and H.E. Sharif Al Suwaidi.
The group, which also controls Acelen’s Mataripe refinery in Bahia through Mubadala Capital, has been expanding its exposure to Latin America’s renewable infrastructure as part of a diversified global portfolio that spans technology, energy, and industrial assets.
The presence of Al Mubarak — a key architect of Abu Dhabi’s diversification drive and one of the most influential figures in the Gulf’s investment ecosystem — signals that Brazil’s renewable fuels sector now sits at the center of Mubadala’s long-term global agenda. Beyond capital allocation, the visit sends a political and strategic message: that energy diplomacy and sustainable industry are converging in Brazil, and that the country’s biofuel expertise could soon power not just its domestic market, but the decarbonization ambitions of airlines and logistics networks worldwide.
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