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Petroleo Brasileiro SA Petrobras | 6-K:Petrobras Informs on Refining and Biorefining Partnership

SEC announcement ·  Mar 16 05:37
Summary by Futu AI
Petroleo Brasileiro SA Petrobras (Petrobras) has announced on March 15, 2024, that it is advancing discussions with Mubadala Capital to form a downstream partnership in Brazil. This partnership is set to evaluate the acquisition of a stake in the Mataripe S.A. Refinery (RefMat) and to develop an integrated biorefinery project. The business evaluation phase will include due diligence of the assets and discussions on the business model for each asset. The partnership discussions will also cover potential future investments and the development of new technologies. Petrobras and Mubadala Capital have not yet signed any binding agreements and will proceed with respect for the internal governance of both companies and their commitments to stakeholders. The Mataripe Refinery has a capacity of 333,000 barrels per day and includes storage terminals and pipelines. The biorefinery project aims to produce renewable diesel and sustainable jet fuel from vegetable oil, with an initial production capacity of 20,000 barrels per day.
Petroleo Brasileiro SA Petrobras (Petrobras) has announced on March 15, 2024, that it is advancing discussions with Mubadala Capital to form a downstream partnership in Brazil. This partnership is set to evaluate the acquisition of a stake in the Mataripe S.A. Refinery (RefMat) and to develop an integrated biorefinery project. The business evaluation phase will include due diligence of the assets and discussions on the business model for each asset. The partnership discussions will also cover potential future investments and the development of new technologies. Petrobras and Mubadala Capital have not yet signed any binding agreements and will proceed with respect for the internal governance of both companies and their commitments to stakeholders. The Mataripe Refinery has a capacity of 333,000 barrels per day and includes storage terminals and pipelines. The biorefinery project aims to produce renewable diesel and sustainable jet fuel from vegetable oil, with an initial production capacity of 20,000 barrels per day.
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