Petrobras Invests $892M to Double Capacity at RNEST Refinery

Core Insights - Petrobras has signed contracts worth approximately $892 million with Consag Engenharia to complete Train 2 at the Abreu e Lima Refinery, reinforcing its strategic role in Brazil's North and Northeast regions [1][9] Group 1: Contracts and Expansion Plans - The contracts awarded will facilitate the construction of three new units as part of the plan to add Train 2 to the RNEST refinery, including a Delayed Coking Unit (75,000 bpd), Diesel Hydrotreating Unit S10 (82,000 bpd), and Atmospheric Distillation Unit (130,000 bpd) [2][4] - The completion of Train 2 is expected to double the refinery's capacity from 130,000 bpd to 260,000 bpd by 2029, making it Petrobras' second-largest refinery [4][9] Group 2: Environmental and Economic Impact - The new units will enhance the production of high-value derivatives and supply cleaner, low-sulphur fuels, aligning with Brazil's energy and environmental objectives [3][9] - The expansion is projected to generate around 30,000 direct and indirect jobs, supporting regional economic growth [4] Group 3: Modernization Efforts - Petrobras has modernized Train 1 at the RNEST refinery, restoring its full capacity of 130,000 bpd and improving the yield of light products [6][9] - The commissioning of the SNOX unit in December 2024 will improve emissions control and energy efficiency at the refinery [7]