Summary by Futu AI
Petrobras has commenced operations of its atmospheric emissions reduction unit (SNOX) at the Abreu e Lima refinery (RNEST) in Ipojuca, Pernambuco. The SNOX unit, the first of its kind in the Americas, will enable a 27,000 barrels per day (bpd) increase in processing capacity, from 88,000 to 115,000 bpd, while meeting environmental standards. The unit transforms sulfur and nitrogen oxides into sulfuric acid, adding a new product to the company's portfolio.The company is preparing for Train 1 Revamp expansion, scheduled for completion in Q1 2025, which will add 15,000 bpd capacity and enhance pre-salt oil processing capabilities. Additionally, Petrobras plans to complete Train 2 works, which will contribute another 130,000 bpd. RNEST, which boasts Brazil's highest crude-to-diesel conversion rate at 70%, will reach a total processing capacity of 260,000 bpd upon completion of all projects, increasing national S-10 diesel production by approximately 13 million liters daily.