(Petrobras, 3.Oct.2024) — Petrobras and Ternium entered into a contract to supply natural gas in the free trading environment to the Ternium plant in Rio de Janeiro (RJ). This agreement marks Ternium’s migration from the captive market to the free market in Rio de Janeiro, where it relies on a firm supply of natural gas provided by Petrobras.
“Petrobras and Ternium have important synergies, and the natural gas market is an essential link between them. As to the current market opening context, the new Natural Gas product portfolio provides a diversified range of contracts in a more competitive environment. We are always working at being our business partners’ best supply option,” said Maurício Tolmasquim, Petrobras’s Energy Transition and Sustainability Director.
In this context, Petrobras and Ternium forged their first business relationship as a natural gas-free market partnership, betting on developing solutions to enable Brazil’s open, competitive, transparent, sustainable, and ever-growing trading environment.
According to the steel sector’s decarbonization agenda, both companies also intend to develop other business partnerships and synergies concerning the natural gas segment.
“This agreement will open up great opportunities for Ternium Brasil. The possibility of acquiring natural gas in the free market makes for higher competitiveness, enabling more effective resource management. This factor enhances processes and stimulates steel decarbonization—a strategic agenda for us,” affirms Titus Schaar, Ternium Brasil’s President.
About Ternium
Ternium is one of the foremost steel producers in Latin America; since 2017, it has been running its industrial plant in Santa Cruz, Rio de Janeiro. The plant has an output capacity of five million tons of steel plates per year, with a high level of sophistication, to supply industries in the USA, Mexico, Brazil, and Europe. The company has roughly eight thousand employees, 60% living in Rio de Janeiro’s western region. Since 2017, Ternium has invested BRL 59 million in the social and economic development of Santa Cruz and its surrounding region through education-oriented social projects that directly assist over five thousand people annually.
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