Biopalma da Amazônia S/A Reflorestamento Indústria e Comércio was a company focused on the production of palm oil and other vegetable oils. It also produced energy using biomass and other industrial residues, commercialized wood and animal food and gave consultancy for agribusiness and the industrial sector.
Biopalma was created in 2007 by Mineração Santa Elena, and operated in the state of Pará, Brazil. It became a subsidiary of Vale S.A. in 2011, as the company aimed to enter in the sustainable energy sector, and formed the joint venture Biovale. The company was sold in 2020 for Brasil BioFuels.
History
Biopalma was created on 20 April 2007, when Mineração Império Serrano Ltda. became an S.A. Originally, Mineração Santa Elina controlled 99% of the company, and MSP controlled 1%.[2][3] On 10 June, Pembroke Pines Fund LLC bought 99.98% of the shares, thus becoming the biggest actionist.