Summary by Futu AI
Petrobras has signed a Protocol of Intent with Companhia Siderúrgica Nacional (CSN) and CSN Inova Soluções to establish a commercial-scale low-carbon hydrogen plant in Paraná. The facility will produce hydrogen through water electrolysis using renewable electricity sources, supporting decarbonization efforts of both companies' operations and products.The partnership aligns with Petrobras' Strategic Plan 2050 and Business Plan 2025-2029, positioning the company to lead in fair energy transition and sustainable product expansion. This collaboration aims to mitigate risks, enhance corporate governance, and facilitate technology sharing between the partners.CSN Group, one of the world's largest integrated steel complexes, operates across 17 Brazilian states and multiple countries including Germany, Portugal, USA, and Switzerland. The group maintains diverse assets including steel plants, mining operations, port terminals, and stakes in railroads and hydroelectric plants.