Petrobras and Arcelor Ink Deal Related to Low-Carbon Businesses

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(Energy Analytics Institute, 26.Feb.2024) — Brazil’s state-owned Petrobras signed a Memorandum of Understanding (MOU) with Arcelor Mittal Brasil that aims to study potential mutually beneficial business models in the low carbon economy.

The companies look to identify commercial opportunities and potential partnerships in Brazil that align with diversification and decarbonization strategies, Petrobras said 26 Feb. 2024 in an official statement.

The partnership involves evaluating potential business models for low carbon fuels, hydrogen and its products, renewable energy production and CCS (capture, transportation and storage of CO2 (carbon dioxide), Petrobras said.


By Aaron Simonsky. © Energy Analytics Institute (EAI). All Rights Reserved.

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