Brazil’s Petrobras to create ‘biorefinery,’ powered by $960 million investment
The facility, located in Rio Grande do Sul state, is set to become Brazil’s first refinery that does not use petroleum
A logo of Brazil’s state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro.. Photos by Reuters file
Brazil’s state-run oil company Petrobras will invest around 5.5 billion reais ($960 million) to turn its Riograndense refinery into the country’s first biorefinery, Chief Executive Magda Chambriard said on Monday.
The facility, located in Rio Grande do Sul state, is set to become Brazil’s first refinery that does not use petroleum, the Petrobras chief said without specifying a timeline for when it will come online. It will eventually produce what Chambriard described as 100% renewable jet fuel and diesel.
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Brazil’s Petrobras to create ‘biorefinery,’ powered by $960 million investment, source
