UAE Plans $13.5 Billion Investment in Brazil Biofuels | OilPrice.com
UAE Plans $13.5 Billion Investment in Brazil Biofuels | OilPrice.com OilPrice.com
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UAE Plans $13.5 Billion Investment in Brazil Biofuels
The investment arm of the UAE’s sovereign wealth fund plans to make a $13.5 billion investment in biofuels in Brazil.
- Introduction
The Abu Dhabi sovereign wealth fund’s investment arm, Mubadala Capital, plans to make a substantial investment in biofuels in Brazil, the Financial Times has reported, quoting the head of Mubadala’s Brazilian operations.
- Significance of the Investment
The $13.5-billion investment in biofuels is part of a broader investment plan for Brazil that may also include setting up a new stock exchange in the country, Oscar Fahlgren told the FT. “It’s all about feedstock [which] in reality is agriculture. And Brazil is probably the best-placed country on the planet when it comes to agricultural proficiency because of the climate and the fertile soil,” Fahlgren explained. “Brazil is to agriculture what Abu Dhabi is to oil.”
- Investment Details
The plan involves the construction of five processing units, each with a price tag of $2.7 billion and a capacity of 20,000 barrels of biofuel daily. The first of these units is expected to start operating by the end of 2026. Part of the total biofuel
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 13: Climate Action
- SDG 15: Life on Land
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 7.2: Increase substantially the share of renewable energy in the global energy mix
- SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
- SDG 13.2: Integrate climate change measures into national policies, strategies, and planning
- SDG 15.2: Promote the implementation of sustainable management of all types of forests
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Investment in biofuels in Brazil
- Construction of processing units for biofuel production
- Conversion of an oil refinery into a biofuel plant
- Increase in bioethanol production in Brazil
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | SDG 7.2: Increase substantially the share of renewable energy in the global energy mix | Investment in biofuels in Brazil |
| SDG 9: Industry, Innovation, and Infrastructure | SDG 9.4: Upgrade infrastructure and retrofit industries to make them sustainable | Construction of processing units for biofuel production |
| SDG 13: Climate Action | SDG 13.2: Integrate climate change measures into national policies, strategies, and planning | Conversion of an oil refinery into a biofuel plant |
| SDG 15: Life on Land | SDG 15.2: Promote the implementation of sustainable management of all types of forests | Increase in bioethanol production in Brazil |
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Fuente: oilprice.com
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