Bunge signs five-year soy oil supply deal for Acelen Brazil SAF project
BG•Feedstock secured for major $3 billion biorefinery
Acelen said the contracted soy oil will cover about 30% of the feedstock needed to start the plant. Another 60% has already been secured from used cooking oil, including supplies from Trafigura and another undisclosed provider, while 10% was left open for future alternative feedstocks.
The project is expected to cost more than $3 billion and produce 1 billion liters of SAF and HVO annually. Acelen said about 88% of future output has already been sold under long-term contracts, mainly to customers in Europe and the United States.
Five-year supply agreement covers 1.5 million tons
Acelen Renovaveis, backed by Abu Dhabi's Mubadala Capital, signed a five-year agreement with Bunge to supply 1.5 million metric tons of certified soy oil for its sustainable aviation fuel (SAF) and renewable diesel (HVO) project in Brazil's Bahia state.
The deal calls for Bunge to deliver 300,000 metric tons a year starting in 2029, when Acelen expects its biorefinery to begin operations. The companies said it is Bunge's largest soy oil supply contract in South America.
