Petróleo Brasileiro’s Board of Directors approved the Final Investment Decision for the RPBC Biorefining project. The project involves building a dedicated plant at the Presidente Bernardes Refinery in Cubatão, São Paulo state, to produce bio-jet fuel and renewable diesel, with an estimated investment of around US$1.2 billion. Construction is expected to begin by the end of 2026, and the plant will have a production capacity of up to 15,000 barrels per day of renewable fuels, with start-up scheduled for 2030. The project is included in the company’s Business Plan 2026–2030 and has been incorporated into the Base Implementation Portfolio after a consideration of financing conditions.
Petroleo Brasileiro Petrobras SA ADRBoard approves $1.2B biorefining project, a capital investment decision included in the business plan.