Brazil’s top biodiesel producer expands with new plants and investment in SAF, ethanol, and low-carbon fuel
04/15/2025
Be8 ended 2024 with a net profit of R$477 million—nearly 30 times higher than the previous year—and a recovery in sales.
The company has been aggressively expanding its operations in biodiesel, where it is Brazil’s largest producer, while also diversifying its portfolio with investments in sustainable aviation fuel (SAF), advanced biodiesel, and ethanol.
Net revenue from sales reached R$7.3 billion, a slight increase of 1.4% compared to 2023, though still below the record R$9.6 billion posted in 2022. Adjusted EBITDA doubled to R$599 million.
Last year, Be8 produced more than 900 million liters of biodiesel at its plants in Marialva (Paraná) and Passo Fundo (Rio Grande do Sul), and finalized the purchase of three additional biodiesel plants in the states of Mato Grosso, Piauí, and Pará. The deal was approved by Brazil’s antitrust agency CADE in January 2025.
The company is also advancing three greenfield projects. One is the construction of a free trade zone in Paraguay, where a SAF and hydrotreated vegetable oil (HVO) plant will be built—a project first announced in 2019. The second is an ethanol and wheat gluten facility currently under construction in Passo Fundo. The third is a new plant for producing BeVant, its proprietary low-carbon biodiesel, located next to its existing facility in the same city.
To support these investments, Be8 issued R$200 million in Agribusiness Receivables Certificates (CRA) last year. According to its financial statements, the company’s net debt rose 18.7% to R$541 million, while net cash fell R$544 million, closing the year at R$493 million.
*By Camila Souza Ramos, Globo Rural — São Paulo
Source: Valor International