CEO of Grupo BBF takes part in LIDE lunch-debate

Event in São Paulo discussed Brazil's socio-economic and social development

São Paulo, July 24, 2023 - The CEO of Grupo BBF (Brasil BioFuels), Milton Steagall, took part on Monday (24) in a lunch-debate held by LIDE at the Palácio Tangará Hotel in São Paulo. The event, which was attended by the President of the Chamber of Deputies, Arthur Lira, discussed Brazil's economic and social development.

Steagall was alongside public and private managers and heard details from Lira about the tax reform, which was recently approved by the Chamber of Deputies and is currently under discussion in the Federal Senate.

"It's very important for us to take part in events like this, which make it possible to exchange knowledge and contacts between private and public sector entities," said the businessman.

Grupo BBF was one of the sponsors of the event. Steagall often debates and defends themes such as sustainable agribusiness and the importance of socio-economic development in the Amazon region.

About Grupo BBF

Grupo BBF (Brasil BioFuels), a Brazilian company founded in 2008, is the largest palm oil producer in Latin America, with a cultivated area of over 75,000 hectares and a production capacity of around 200,000 tons of oil per year. The company is a pioneer in creating sustainable solutions for generating renewable energy in isolated systems, with thermoelectric plants powered by biofuels produced in the region. Its agricultural activity recovers areas that were degraded until 2007 in the Amazon, following the Agroecological Zoning of Oil Palm (ZAE), approved by Decree 7.172 of the Federal Government, of May 7, 2010.

Grupo BBF has created an integrated business model in which it operates from the beginning to the end of the value chain - from sustainable oil palm cultivation, crude oil extraction, biofuel production, biotechnology and renewable energy generation - with assets totaling around R$2.2 billion and activities generating more than 6,000 direct jobs in the northern region of Brazil. Grupo BBF 's operations are located in the states of Acre, Amazonas, Rondônia, Roraima and Pará, comprising 38 thermoelectric plants (25 in operation and 13 under implementation), 3 palm oil crushing units, a soybean extruder and a biodiesel industry.

The company is expanding its supply of biofuels and has signed partnerships for the production of Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO), also called green diesel. The new sustainable fuels will be produced as of 2026 in the country's first Biorefinery, currently under construction in the Manaus Free Trade Zone.

BBF press office
imprensa@grupobbf.com.br

GBR Comunicação
Fernanda Domiciano / Vagner Magalhães