Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras is investing R$870 million to restart its Araucária Nitrogenados S.A. fertilizer plant, with production expected to begin in the second half of 2025. The company is also advancing on a R$3.2 billion investment plan for its Presidente Getúlio Vargas Refinery, which includes a new hydrotreating unit to increase S-10 diesel production and projects to enhance energy efficiency and fuel production capacity. These initiatives align with Petrobras’ strategic investment in fertilizer production and sustainable fuel alternatives, reflecting its commitment to meeting market demands and reducing its carbon footprint.
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