What is the core objective of the new green project by Petróleo Brasileiro (NYSE:PBR)?

Petróleo Brasileiro (NYSE:PBR) will build a dedicated biorefining plant to produce sustainable aviation fuel and renewable diesel. The company stated that the project will support a just energy transition.

What is the total financial investment planned by Petróleo Brasileiro (NYSE:PBR) for this refinery?

Petróleo Brasileiro (NYSE:PBR) has authorized an estimated investment of approximately US$1.2 billion for the biorefining implementation. The approved funds have been incorporated into the company's Base Implementation Portfolio.

What are the production capacity targets for the new Petróleo Brasileiro (NYSE:PBR) plant?

Petróleo Brasileiro (NYSE:PBR) expects the plant to reach a total production capacity of up to 15,000 barrels per day of renewable fuels. This volume will be split between bio-jet fuel and renewable diesel.

How does the new plant impact the regulatory compliance of Petróleo Brasileiro (NYSE:PBR)?

The facility will allow Petróleo Brasileiro (NYSE:PBR) to meet global CORSIA aviation regulations and Brazil's Future Fuel Law. The company announced that the plant will be located at the Presidente Bernardes Refinery in Cubatão.

What is the execution timeline for the Petróleo Brasileiro (NYSE:PBR) biorefining project?

Petróleo Brasileiro (NYSE:PBR) expects construction works to begin by the end of 2026. The company estimates that the plant will officially start up operations by 2030.

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Petrobas approves $1.2 billion biorefining project

Written by Mahathir BayenaPublished Jun 22, 2026, 10:40 AM

Petróleo Brasileiro approved a $1.2 billion investment to build a renewable fuel plant in São Paulo.
The company's stock rose to $16.82 following the announcement of the final investment decision.
The project forms part of the strategic plan to meet international aviation emission mandates by 2030.

Petróleo Brasileiro, also known as Petrobas (NYSE:PBR) approved the final investment decision for a $1.2 billion biorefining project to produce renewable fuels.

The board decision shifts the facility into its final contracting phase ahead of a planned construction launch late this year.

The dedicated plant will be constructed at the Presidente Bernardes Refinery located in Cubatão within the state of São Paulo.

The company stated that the facility will feature an estimated production capacity of up to 15,000 barrels per day.

Following the announcement Petróleo Brasileiro's share price was up at $16.82.

The greenfield biorefining development has been officially integrated into the firm's broader Business Plan 2026–2030 framework.

This alternative fuel initiative aligns with international aviation guidelines and Brazil's newly enacted Future Fuel Law requirements.

Petrobas approves $1.2 billion biorefining project

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