President Luiz Inácio Lula da Silva met with major Chinese companies during his trip to China, including automaker GAC and defense firm Norinco, as part of Brazil’s efforts to attract foreign investment in key sectors.
Brazil’s Minister of Mines and Energy, Alexandre Silveira, told reporters in China that the government is working to bring Chinese investments into data centers and digital infrastructure. One of the key meetings scheduled is with TikTok on Tuesday.
Last month, Reuters reported that TikTok’s parent company, ByteDance, is considering building data centers in the port of Pecém, located in the northeastern state of Ceará. While TikTok has not confirmed the plans, Silveira said the government is committed to improving infrastructure around the port, where ByteDance may invest up to 50 billion reais (about $8.82 billion).
In addition to tech partnerships, Brazil announced energy-related investments. According to the Presidential Palace, Chinese firm Envision Energy plans to produce sustainable aviation fuel from sugarcane in Brazil.
Meanwhile, Brazil’s Ministry of Mines and Energy said Chinese state-owned company Windey Energy Technology will partner with Brazilian university Senai Cimatec to develop renewable energy solutions, including storage technologies.
These initiatives are part of Brazil’s broader strategy to expand cooperation with China in clean energy, digital technology, and industrial innovation.
Related Topics:
- Kazakhstan Continues to Surpass OPEC+ Quota with Record Oil Production
- Azerbaijani Oil Price Approaches $79 on Global Markets
- Kazakh CPC Oil Exports Limited to 700,000 bpd Following Russian Suspension