Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
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Petrobras has decided to retain its subsidiary Petrobras Biocombustível (PBio), ending its divestment plan, as part of its strategy to focus on low-carbon businesses. The company is exploring partnerships to enhance PBio’s operations and capitalize on potential synergies within its assets. PBio, established in 2008, operates two biodiesel plants and is involved in the biofuels and sulphur trade.
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