On November 27, 2024, Petrobras announced the signing of a Heads of Agreement (HoA) with European Energy. This agreement marks a significant step towards establishing a business partnership to develop a commercial-scale e-methanol plant in Pernambuco, Brazil.E-methanol, a low-carbon solution, is produced using low-carbon hydrogen and biogenic carbon dioxide. This initiative aligns with Petrobras' Strategic Plan 2050 and Business Plan 2025-2029, focusing on leading a fair energy transition by reducing emissions and expanding sustainable product offerings.The partnership aims to mitigate risks, enhance corporate governance, and facilitate the sharing of information and technology. European Energy, a Danish company, is a pioneer in renewable energy and e-methanol projects globally.

On November 27, 2024, Petrobras announced the signing of a Heads of Agreement (HoA) with European Energy. This agreement marks a significant step towards establishing a business partnership to develop a commercial-scale e-methanol plant in Pernambuco, Brazil.E-methanol, a low-carbon solution, is produced using low-carbon hydrogen and biogenic carbon dioxide. This initiative aligns with Petrobras' Strategic Plan 2050 and Business Plan 2025-2029, focusing on leading a fair energy transition by reducing emissions and expanding sustainable product offerings.The partnership aims to mitigate risks, enhance corporate governance, and facilitate the sharing of information and technology. European Energy, a Danish company, is a pioneer in renewable energy and e-methanol projects globally.