Petrobras has signed a Heads of Agreement (HoA) with Danish company European Energy on November 27, 2024, marking a significant step toward establishing a commercial-scale e-methanol plant in Pernambuco, Brazil. The partnership aims to produce low-carbon e-methanol by combining hydrogen from water electrolysis using renewable energy with biogenic carbon dioxide.The agreement aligns with Petrobras' Strategic Plan 2050 and Business Plan 2025-2029, focusing on leading a fair energy transition and expanding sustainable product offerings. The partnership strategy emphasizes risk mitigation, enhanced corporate governance, and knowledge sharing.European Energy, a Danish renewable energy developer, operates solar and wind generation projects globally and specializes in green hydrogen solutions. The company has established presence in Brazil and is recognized as a pioneer in commercial-scale e-methanol plant development worldwide.

Petrobras has signed a Heads of Agreement (HoA) with Danish company European Energy on November 27, 2024, marking a significant step toward establishing a commercial-scale e-methanol plant in Pernambuco, Brazil. The partnership aims to produce low-carbon e-methanol by combining hydrogen from water electrolysis using renewable energy with biogenic carbon dioxide.The agreement aligns with Petrobras' Strategic Plan 2050 and Business Plan 2025-2029, focusing on leading a fair energy transition and expanding sustainable product offerings. The partnership strategy emphasizes risk mitigation, enhanced corporate governance, and knowledge sharing.European Energy, a Danish renewable energy developer, operates solar and wind generation projects globally and specializes in green hydrogen solutions. The company has established presence in Brazil and is recognized as a pioneer in commercial-scale e-methanol plant development worldwide.