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Petroleo Brasileiro SA- Petrobras ( (PBR) ) has shared an announcement.
Petrobras has commenced operations of a new emissions reduction unit, SNOX, at its Abreu e Lima refinery in Brazil, increasing processing capabilities to 115,000 barrels per day while maintaining environmental compliance. This unit, the first of its kind in the Americas, converts sulfur and nitrogen oxides into sulfuric acid, which is used in water treatment and energy production, enhancing the refinery’s efficiency. Preparations for the expansion of Train 1 and the procurement for Train 2 at RNEST are underway, which will further increase the refinery’s capacity to process 260,000 barrels per day and boost national diesel production by 13 million liters daily, solidifying Petrobras’s position in the petroleum refining sector.
More about Petroleo Brasileiro SA- Petrobras
Petroleo Brasileiro S.A. – Petrobras is a Brazilian petroleum corporation focused on the oil and gas industry. It is involved in the exploration, production, refining, and distribution of petroleum and its derivative products. Petrobras has a strong market presence in Brazil and is known for its significant role in the global energy sector.
YTD Price Performance: -6.35%
Average Trading Volume: 14,913,070
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $80.2B
Learn more about PBR stock on TipRanks’ Stock Analysis page.
