Petrobras investing billions in Rio for fuel supply boost and energy transition projects

Petróleo Brasileiro S.A. – Petrobras is investing $33 billion reais ($6 billion) in Rio de Janeiro to boost domestic fuel supply, support energy transition goals, and stimulate industrial synergy across the value chain. The initiative includes projects like the Boaventura Energy Complex and Duque de Caxias Refinery, aiming to enhance diesel and jet fuel production.

Boaventura will host a biojet fuel facility and gas-fired thermoelectric plants, while Reduc is exploring lubricant oil re-refining and renewable fuel production. Petrobras also plans to modernize power infrastructure, invest in petrochemical capabilities, and strengthen strategic partnerships with companies like Braskem.

Looking ahead, Petrobras aims to boost gas availability, invest in refining projects in Pernambuco, resume fertilizer production, and convert units for renewable fuel output. These investments reflect a commitment to modernization, sustainability, and long-term national benefit.

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Read more at Nasdaq: Petrobras Bets Big on Rio’s Refining Commitment With Major Projects