As Brazilian president visits China, $1 billion sustainable fuel deal announced
President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC, and Chinese defense company Norinco.
Minister of Mines and Energy Alexandre Silveira told journalists in China the Brazilian government would also seek to secure Chinese investments in data centers in Brazil and would be meeting TikTok on Tuesday.
Reuters reported last month that ByteDance, owner of TikTok, is considering installing data centers in the port of Pecem in the Brazilian state of Ceara. TikTok declined to comment.
According to a statement released in Brazil on Monday, Silveira told journalists the government was "making every effort" to improve infrastructure around the port where TikTok has a "a planned investment of 50 billion reais ($8.82 billion)".
The Brazilian Presidential Palace said Envision Energy would be investing in the production of sustainable aviation fuel from sugarcane in Brazil.
In a separate statement, Brazil's Ministry of Mines and Energy said state-owned Chinese company Windey Energy Technology and Brazilian university Senai Cimatec would work together to develop renewable solutions, including energy storage.
($1 = 5.6687 reais)
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The Guardian
35 minutes ago
- The Guardian
Fewer green energy tariffs offered as British households opt for cheaper deals
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Daily Mirror
5 hours ago
- Daily Mirror
Shoppers thrilled as Marks & Spencer confirm return of 'popular feature'
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The Sun
5 hours ago
- The Sun
Poundland is selling 100s of items from just 10p ahead of 37 stores closing in August starting in days
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