Petrobras has received board approval for its final investment decision (FID) on a new biofuels facility at its Presidente Bernardes Refinery (RPBC) in Cubatão, São Paulo state in Brazil.
The decision will see the company allocate approximately $1.2bn to develop a dedicated plant for producing bio-jet fuel and renewable diesel.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Petrobras will now enter the final contracting phase and initiate the execution of relevant agreements for the project.
Construction on the new facility is scheduled to begin by the end of 2026, with operations targeted to commence in 2030.
The biorefining plant is designed to have a maximum production capacity of 15,000 barrels per day (bpd) of renewable fuels, including bio-jet fuel and renewable diesel.
Petrobras has included this project in its Business Plan for 2026–30, adding it to the Base Implementation Portfolio, subject to financing conditions.
The move comes as the company aims to strengthen its focus on renewable energy and to advance what it describes as a just energy transition in Brazil.
The project also supports international aviation efforts to adhere to the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) regulation and aligns with Brazil’s Future Fuel Law (Law No. 14,993/2024).
Last month, Petrobras and its logistics subsidiary Transpetro detailed more than 2.8bn reais ($543.8m) in planned investments in the state of Amazonas through to 2030.
The update was delivered at an event at the Bertolini Construção Naval da Amazônia Shipyard, where Transpetro is overseeing the construction of 18 barges intended to improve marine fuel supply logistics across Brazilian ports.
The event was attended by the President of Brazil, Luiz Inácio Lula da Silva, Petrobras president Magda Chambriard, and Transpetro president Sérgio Bacci.
During the same event, the companies also announced a resumption of Petrobras’ investment in production activities at the Urucu field, with approximately 2.5bn reais allocated to drilling new wells.
