Petrobras has approved a $1.2 billion investment to build a renewable jet fuel and renewable diesel plant at its Presidente Bernardes Refinery in São Paulo state. Construction is expected to begin this year, with commercial operations starting in 2030 and a production capacity of up to 15,000 barrels per day. The project is part of the company's 2026-2030 Strategic Plan and aims to meet growing global demand for sustainable aviation fuel and renewable diesel. The facility will leverage existing refinery infrastructure to produce lower-carbon fuels compatible with current engines and distribution systems.
Petroleo Brasileiro Petrobras SA ADRApproved $1.2B investment in renewable fuel plant as part of strategic plan
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