Acelen petrol station in Brazil | Source: Acelen corporate website

Acelen is a Brazilian energy company created by Mubadala Capital, the asset management subsidiary of Abu Dhabi's sovereign wealth fund, Mubadala Investment Company. The company was established in 2021 following Mubadala Capital's acquisition of Petrobras' Landulpho Alves Refinery — now rebranded as the Mataripe Refinery — for USD 1.65 billion. Mubadala has been present in Brazil since 2012, positioning Acelen as a key downstream energy vehicle in its Latin American portfolio.

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