LatAm Grid & Ground Weekly Newsflow: Power Demand, Fertilizers, Critical Minerals, and El Niño

Research evidence excerpt

LatAm Grid & Ground Weekly Newsflow: Power Demand, Fertilizers, Critical Minerals, and El Niño

able

gas capacity through the conversion of industrial residues into energy.

BNDES broadens Climate Finance for industry and Reforestation

Eixos highlighted that BNDES has approved R$43.8 mn in financing for Ferbasa to

build a new charcoal production facility in Bahia, with technology designed to

reduce methane emissions compared to conventional processes. The project,

largely funded through the Fundo Clima, will produce renewable reducing agents

for Ferbasa’s metallurgical operations and is expected to create nearly 100 jobs.

Also, MegaWhat reported that BNDES is preparing a new R$6 billion carbon credit

auction aimed at supporting large-scale forest restoration projects and expanding

the country’s carbon removal market. Together, the initiatives reinforce the bank’s

growing role in financing both industrial decarbonization and nature-based climate

solutions.

Atlas Lithium advances Lithium project following key licensing milestone

Valor reported that Atlas Lithium has obtained the environmental license required

to expand its Neves lithium project in Minas Gerais, removing a key hurdle ahead of

the project’s planned startup in 4Q27. The company estimates annual production of

146 kt of lithium concentrate. Atlas also noted that its processing plant has already

arrived in Brazil and is ready for assembly, while offtake agreements with Mitsui

provide commercial support for future production.

Petrobras adjusts Diesel pricing following end of government subsidy

Eixos published that Petrobras will reduce the price of diesel A by R$0.3515/liter

starting July 1, while simultaneously suspending the application of the federal

subsidy granted under MP 1.358.