The Brazilian state-run oil company started discussions with Unigel to analyze potential collaborative enterprises in the fields of fertilizers, green hydrogen, and low-carbon projects. A non-disclosure agreement with a two-year expiration date was signed by the groups. “Official cost and return estimates for any projects resulting from the agreement won’t be available until a team of experts has completed its technical evaluations. As required by the Company’s governance, this must be approved by internal authorities in the future”, Petrobras said. These initiatives are in line with the 2024–2028 Strategic Plan, which suggests allocating 6%–15% of an investment range (capex) to low-carbon projects. The updated plan was made public at the end of May.
Sources: EPBR/Nova Cana (*Translated by Ia Niani)