(Reuters, 11.May.2022) — Brazilian state-run oil company Petrobras said on Wednesday it has signed a deal with TSE and Toyo Engineering Corp to build a new diesel hydrotreating unit at its Paulinia refinery.
The move will require $458 million in investments and is in line with Petrobras’ 2022-2026 business plan, the company said in a securities filing.
Petroleo Brasileiro SA, as the company is formally known, said the hydrotreating unit is expected to enter production in 2025 and ramp up its S-10 diesel and kerosene output by 63,000 barrels per day and 12,500 barrels per day, respectively.
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Reporting by Gabriel Araujo; Editing by Andrew Heavens
