Minerva Foods, a Brazilian beef exporting company to South America, announced the purchase of over 369,000 renewable energy certificates (I-REC) for 100% of its operations, becoming the first company in the industry to have zero net emissions in scope 2. The company’s units will have certifications that guarantee the use of wind and hydroelectric energy.
Source: Energia Hoje
Neoenergia and the Pernambuco State Government signed a Memorandum of Understanding for cooperation and development of a pilot project for green hydrogen production at the Suape Port. The agreement will have a one-year term, which may be extended, and is in line with the strategy of parent company Iberdrola. Currently, Neoenergia has an installed capacity of renewable energies above 80% and expects this share to reach 90% in 2022, according to the conclusion of the projects in progress.
Source: Canal Energia
A Labour Court ruling has determined that mining company Vale must pay compensation of 1 million reais ($190 k) for moral damages for each employee killed due to the rupture of a company dam in January 2019 in Brumadinho (MG). The company argued that it has already paid more than 2 billion reais ($385 mm) in civil and labour compensation associated with the disaster, after having signed agreements with more than 1,600 relatives of victims.
Source: Money Times
Embraer gained almost R$2 billion ($385 mm) in market cap on Thursday, after confirming the negotiations that may culminate in the merger between its urban air mobility startup, Eve, and the SPAC (Special Purpose Acquisition Company) of the American Zanite Acquisition. The Brazilian aircraft manufacturer, which saw the end of its deal with Boeing in commercial aviation and the Covid-19 pandemic drain its stock market valuation, is now worth R$14.7 billion ($2.8 bn) on B3, the highest level in 24 months.
Source: Valor International
The Brazilian Supermarket Association (Abras) informed that sales in April grew 2.77% over April 2020, in real terms (discounting inflation measured by IPCA/IBGE). Compared to March 2021, the sector showed a drop of 4.82% in real sales. From January to April, there was an expansion of 4.06% over the previous year.
Source: Valor Investe