Acelen

Name

Acelen

Legal name

Acelen

Website

https://acelen.com.br

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Petroleum Refining and Renewable Fuels

NAICS

Petroleum Refineries (32411), Petrochemical Manufacturing (32511), Fats and Oils Refining and Blending (311225), Soybean and Other Oilseed Processing (311224)

SIC

Petroleum Refining (2911), Fats & Oils (2070), Chemicals & Allied Products (2800)

akta.pro primary industry

Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD)

akta.pro secondary industries

Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ), Biofuel Upgrading, Hydrotreating & Refining (Co-processing, Isomerization) (EUAAAHAG), Palm Oil Milling, Refining & Fractionation (AFAKAEAB), Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• Oil refining
• Sustainable aviation fuel
• Renewable diesel
• Petrochemical feedstocks
• Marine bunker fuel

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Refined Petroleum Products: Revenue from processing crude oil into refined products including diesel, gasoline, jet fuel (QAV), asphalt, solvents, petrochemical naphtha, LPG, fuel oils, and lubricants. Products sold to industrial customers, distributors, and maritime operators across Brazil.
2. Sustainable Aviation Fuel (SAF) and Renewable Diesel (HVO): Revenue from renewable fuels produced from macaúba biomass using HEFA technology. Target production of 1 billion liters annually by 2028, with ~90% pre-sold to US and European markets.
3. Bunker Fuel Sales: Marine fuel sales at Porto de Salvador through Bunker One partnership and direct sales at ex-wharf prices. Includes VLSFO, MGO, and other marine fuels.
4. Solar Energy and Carbon Credits: SolarPark I generates renewable energy for refinery operations and creates carbon credits. Energy sales and carbon credit monetization through joint venture structure.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

Acelen processes crude oil at the Refinaria de Mataripe in Bahia (Brazil's second-largest refinery with 300,000+ barrels/day capacity) producing over 30 refined petroleum products including diesel, gasoline, jet fuel, asphalt, solvents, petrochemical naphtha, LPG, fuel oils, and lubricants. Through its Acelen Renováveis subsidiary, the company is developing Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO/renewable diesel) from native Brazilian macaúba palm using HEFA technology, targeting 1 billion liters of annual renewable fuel production by 2028 with approximately 90% pre-sold to US and European markets.

Product overview

Acelen operates as an integrated energy company with three core business pillars: (1) Refinaria de Mataripe, Brazil's second-largest oil refinery producing over 30 petroleum products including diesel, gasoline, aviation fuel, and bunker fuel; (2) Acelen Renováveis, a subsidiary developing macaúba-based renewable fuels (SAF and HVO) with US$3 billion planned investments targeting 1 billion liters annually by 2028; and (3) Acelen | SolarPark I, a 161 MWp solar complex supplying 100% of the refinery's electricity. Supporting operations include Acelen Performa (supplier management), Acelen Acender (training center), and Acelen Agripark (agricultural research facility for macaúba).

Differentiator

Problem solved

Functional benefit

Brands

• Acelen Performa: Supplier Performance Program focused on quality, safety, and productivity of the supply chain
• Acelen SolarPark I
• MARCO Track & Trace

Products and services

• Refinaria de Mataripe Brazil's second-largest oil refinery located in São Francisco do Conde, Bahia, with processing capacity exceeding 300,000 barrels per day, accounting for 14% of Brazil's refining capacity and 42% of Northeast Brazil's supply. Produces over 30 petroleum-based products.
• Acelen Renováveis (SAF and HVO Renewable Fuels) Subsidiary producing Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO/renewable diesel) from native Brazilian macaúba palm using HEFA technology. Target production of 1 billion liters annually by 2028, with approximately 90% pre-sold to US and European markets.
• SolarPark I Solar energy complex in Bahia's semi-arid region with 161 MWp installed capacity. Largest solar plant associated with a refinery in Brazil, supplying 100% of the Refinaria de Mataripe's external electricity demand and generating carbon credits.
• Combustíveis e Derivados de Petróleo (Refined Petroleum Products) Portfolio of over 30 petroleum-based products including diesel (S10, S500, maritime), gasoline, aviation fuel (QAV/Jet A), asphalt, solvents, petrochemical naphtha, LPG, fuel oils (industrial, thermal, bunker), gases (propane, propylene, butane), paraffins, lubricants, and sulfur. Sold to industrial customers, distributors, and maritime operators.
• Bunker e Combustível Marítimo (Marine Bunker Fuel) Marine fuel products and services including VLSFO 0.5%, Marine Gasoil (MGO), and maritime diesel supplied through partnership with Bunker One at Porto de Salvador, serving large cargo ships and tankers. Over 60 vessels served in the first three months of operation.

Quantifiable outcome

• 46% reduction in gas flaring volume compared to 2021
• +6 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• FinbootcoreTechnology or Integration · 24 March 202612-month partnership to develop blockchain-based biofuel traceability system using Finboot's MARCO Track & Trace platform. Enables compliance with EU, US, CORSIA, and Brazilian biofuel market regulations for SAF and HVO production tracking.
• Bunker OnecoreChannel Partner/ Reseller/ Distributor · 1 April 2025Partnership for vessel refueling operations at Porto de Salvador in Baía de Todos os Santos. Over 60 vessels served in first three months. Bunker One is subsidiary of Danish Bunker Holding (15% global market share).
• Illian Energias RenováveiscoreStrategic or Co-development Partner · 1 July 2024Joint venture partner for SolarPark I, Brazil's largest solar installation owned by a refinery. Illian provides renewable energy expertise for 161 MWp solar project in semiárido baiano.
• AVSI BrasilminorStrategic or Co-development Partner · 1 January 2024Partnership for social programs including Acelera OSC cultural organization training and Jovem Aprendiz professional development. AVSI Brasil has over 600 employees operating in 12 Brazilian states.
• Refina BrasilminorOthers · 1 October 2023Acelen is a member of Refina Brasil, the National Association of Private Refiners, which promotes sector development, free competition, ethics, innovation, and competitive equality in the Brazilian refining market.
• Obras Sociais Irmã Dulce (OSID)minorStrategic or Co-development Partner · 1 January 2022Partnership through 'Adote uma Turma' project supporting education at Centro Educacional Santo Antônio (CESA) in Simões Filho. Company received Prêmio DuBem for three consecutive years.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Raízen: Brazil's largest sugar-ethanol producer and a major fuel distributor (Shell-Cosan JV) with ambitions in renewable fuels and second-generation ethanol. Directly comparable as a Brazilian integrated fuels-and-renewables platform targeting decarbonized transportation fuel markets.
• Neste: Global leader in renewable diesel (HVO) and SAF using HEFA and NEXBTL technologies. Directly comparable as the benchmark pure-play in HEFA-based renewable fuels that Acelen Renováveis is targeting, with overlapping customer base in European and US aviation and road-transport decarbonization.
• Bunker Holding: Danish parent of Bunker One, Acelen's partner at Porto de Salvador for marine bunker fuel supply. Comparable as a global marine-fuel distribution platform with overlapping customer base (VLCCs, shipping operators) and a counterparty/competitor in the Brazilian maritime fuel segment.
• World Fuel Services: Global marine, aviation, and land fuel distributor serving shipping and aviation customers worldwide. Comparable as a downstream fuel distribution peer competing for the same maritime bunker and aviation-fuel customers Acelen serves in Brazil and export markets.

Broad incumbents

• Petrobras: Brazil's dominant state-owned integrated oil, refining, and petrochemicals company; Acelen's refinery was carved out of Petrobras in 2021. Comparable as the dominant incumbent in Brazilian refining, downstream fuels, and petrochemicals, though far larger and diversified upstream.
• Galp Energia: Portuguese integrated energy company with refining (Sines) and growing renewables/biorefining footprint. Comparable as a mid-cap integrated refiner transitioning to renewables, with overlapping European SAF/HVO off-take relationships and similar strategic logic of pairing legacy refining with biofuels.
• TotalEnergies: Global integrated oil major actively expanding biofuels (including SAF/HVO) and renewables. Comparable as a large incumbent using legacy refining cash flow to fund SAF/HVO scale-up targeting the same European and US off-take customers Acelen Renováveis is contracted with.
• Repsol: Spanish integrated energy company with refining assets and an active renewable-fuels strategy including SAF and HVO. Comparable as an integrated refiner with parallel ambitions in biofuels for European off-take markets and similar decarbonization-linked capex programs.

Regional players

• Vibra Energia: Brazil's largest fuel distributor (former BR Distribuidora) with growing renewables and lubricants footprint. Comparable as a major Brazilian downstream fuels distributor and customer/competitor for Acelen's diesel, gasoline, and jet-fuel volumes across Brazilian regions.
• Ipiranga (Ultrapar): Brazilian fuel distribution and convenience retail business of Ultrapar, with petrochemical exposure via Oxiteno. Comparable as a Brazilian downstream fuels and chemicals player that both purchases and competes with Acelen's refined product output in regional markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@acelenrefinariademataripe
• Facebookfacebook.com/AcelenRefinariaDeMataripe
• LinkedInlinkedin.com/company/acelen
• Instagraminstagram.com/acelenrefinariademataripe

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Acelen