(Energy Analytics Institute, 6.Nov.2024) — Petrobras‘ Executive Board approved the end of the divestment project of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBio), which will be retained within the company’s portfolio.
This decision is in line with Petrobras’ current strategic guidelines which takes into account the company’s low-carbon businesses, profitably diversifying its portfolio and ensuring its continuity, the Rio de Janeiro-based company said 6 Nov. 2024 in an official statement.
PBio, founded in 2008, is engaged in the production of biofuels and the trade of sulphur. PBio owns three biodiesel plants: two operational plants in Candeias (BA) and Montes Claros (MG) and one in Quixadá (CE), which is mothballed.
Within the scope of discussions about the new cycle of its Strategic Plan, Petrobras said it is analyzing alternatives and business models for PBio. These could include partnerships that can boost its operations, considering new business opportunities, potential synergies between the company’s assets and the maximization of the results of the Petrobras system, the company said.
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By Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved
