{"id":324053,"date":"2023-01-30T16:06:23","date_gmt":"2023-01-30T19:06:23","guid":{"rendered":"https:\/\/anba.com.br\/mubadala-viabiliza-aporte-na-brasileira-atvos-de-etanol\/"},"modified":"2023-02-01T15:48:44","modified_gmt":"2023-02-01T18:48:44","slug":"mubadala-approves-investment-in-brazils-ethanol-firm-atvos","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/mubadala-approves-investment-in-brazils-ethanol-firm-atvos\/","title":{"rendered":"Mubadala approves investment in Brazil\u2019s ethanol firm Atvos"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Mubadala Capital, an asset management subsidiary of the Abu Dhabi sovereign wealth fund, Mubadala Investment Company, will invest BRL 500 million (about USD 97.82 million at the current rate) in Atvos, one of the leading ethanol companies in Brazil, in exchange for a 31.5% stake in the company. For that to happen, the FIP Agroenergia holding fund took control over Atvos and will be responsible for paving the way for Mubadala\u2019s arrival. This Monday (30), Giovanni Forace took over as interim CEO of the ethanol company.<\/p>\n<p>Mubadala Capital\u2019s investment is expected to be allocated to the agricultural and industrial areas aiming to resume Atvos\u2019 production capacity and surpass the mark of milling 30 million tonnes of sugarcane per harvest. In the last crop, the company milled 22.5 million tonnes from its operations in the states of Goi\u00e1s, Mato Grosso, Mato Grosso do Sul, and S\u00e3o Paulo.<\/p>\n<p>\u201cAtvos is one of the main companies in the sugar-energy sector, and we foresee a high capacity for growth and transformation of the company, whether in operational, financial, or socio-environmental aspects,\u201d said Forace in a release. \u201cThis transition is a milestone for Atvos, as it puts an end to any corporate conflict and consolidates the sustainability of the business towards the end of its judicial reorganization process,\u201d he declared.<\/p>\n<p>The new controller expects to progress the company\u2019s business plan, seeking to increase its production rates to generate more security and value for shareholders, customers, partners, employees, and other company stakeholders.<\/p>\n<p>Atvos is a bioenergy company, one of the largest ethanol producers in the country. Using sugarcane as the raw input, the company can produce around three billion liters of ethanol and 700,000 tonnes of (gross) Very High Polarization (VHP) sugar, in addition to cogenerating approximately 3,100 GW\/h of electrical power from biomass. The company has over 9,000 employees.<\/p>\n<p>As a relevant player in the generation of clean and renewable energy, the company is one of the top national issuers of decarbonization credits (CBIOs), having renewed the RenovaBio certification of all its agroindustrial plants until 2025. Also on the socio-environmental front, it has the Social Energy branch, which supports projects focused on topics such as education, culture, health, safety, environment, and productive activities in the communities where it operates.<\/p>\n<p><strong>Translated by El\u00fasio Brasileiro<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-324030\">Supplied<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Abu Dhabi sovereign fund will invest BRL 500 million (about USD 97.82 million) in the Brazilian company in exchange for a 31.5% stake. The FIP Agroenergia holding fund will be in charge of preparations.<\/p>\n","protected":false},"author":2316,"featured_media":324030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91,103],"tags":[9684,38324,29651,15531,13726,38325,38326,6611,38330,38331,38327,13852,38328,38332,38329,38333,9579],"class_list":{"0":"post-324053","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"category-sustainability","9":"tag-abu-dhabi-en","10":"tag-atvos-en","11":"tag-etanol-en","12":"tag-etanol-ar","13":"tag-etanol-brasil","14":"tag-etanol-brasil-2-en","15":"tag-etanol-mubadala-en","16":"tag-ethanol","17":"tag-ethanol-brazil","18":"tag-ethanol-mubadala","19":"tag-fip-agroenergia-en","20":"tag-mubadala-en","21":"tag-mubadala-brasil-en","22":"tag-mubadala-brazil","23":"tag-mubadala-investimento-brasil-en","24":"tag-mubadala-investment-brazil","25":"tag-uae-en"},"wps_subtitle":"The Abu Dhabi sovereign fund will invest BRL 500 million (about USD 97.82 million) in the Brazilian company in exchange for a 31.5% stake. The FIP Agroenergia holding fund will be in charge of preparations.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/324053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=324053"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/324053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/324030"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=324053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=324053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=324053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}