Brazilian beef exports increase by 12% in April

Brazilian beef exports advanced 12% in April compared to the same period last year, even with a slowdown in acquisitions by China, compared to the previous month. According to data from Secex (Brazilian Foreign Trade Secretariat) compiled by the entity, beef shipments (fresh and processed) totalled 152,626 tonnes last month, with revenues of $706.7 million, up 23% year-on-year.

Source: R7 Economia

Atlas Renewable Energy obtains $150mm for solar project

Atlas Renewable Energy has secured a $150 mm loan from IDB Invest and DNB Bank ASA (Norway) to finance the construction of the Lar do Sol – Casablanca project, a 359 MWp solar power plant that will provide clean energy to Anglo American’s operations in Minas Gerais. The plant is expected to generate 805 GWh per year. This power purchase agreement is, to date, the largest involving a solar energy project to supply clean energy to a private consumer in Brazil and indexed in US dollars.

Source: Canal Energia

Oleoplan will invest $27 mm in a biodiesel plant in Pará

Oleoplan, a Rio Grande do Sul company that processes soybean and produces biodiesel, has shown interest in setting up its first venture in Pará State by the end of 2021: a biodiesel plant in the municipality of Tomé-Açu, in the northeast region of the State. For the implementation, the announced investments amount to R$148 million ($27 mm) and it is expected that at least 50 direct jobs will be generated, in addition to thousands of indirect jobs as a direct result of the production of biodiesel in the State.

Source: Portal do Agronegocio

Algar buys 85% to 100% of Vogel Telecom for $109 mm

The operator Algar Telecom signed a contract to purchase 85.2% to 100% of the capital of Vogel Telecom, for R$ 600 million ($109 mm), according to a material fact sent to the Brazilian Securities Commission (CVM). The deal is subject to the normal conditions precedent in this kind of operation, including the authorizations by the Economic Defense Administrative Council (Cade) and the National Telecommunications Agency (Anatel).

Source: Valor Investe

Brazil to pioneer in 5G standalone in Latin America

If Chile got a head start with the first 5G technology auction in Latin America, Brazil is expected to be the first to
offer the “pure” standard – or 5G standalone. This landmark in regional telephony was highlighted by Vinicius
Dalben, Ericsson’s new CEO for Latin America’s Southern Cone, in a conversation with Valor. At the opening ceremony, the “pure 5G” technology signal was activated by President Jair Bolsonaro. Communications Minister Fábio Faria that this was the first of 20 pilot experiences with the standard across the country.

Source: Valor International