Petrobras Bets Big on Rio's Refining Commitment With Major Projects

Key Takeaways PBR will invest R$33B ($6B) to boost refining, biofuels and petrochemicals in Rio de Janeiro. Petrobras' new biojet fuel facility at Boaventura will produce 19,000 bpd of SAF and HVO fuels. Braskem plans R$4B expansion of its polyethylene plant, adding 230,000 tons/year capacity.Petróleo Brasileiro S.A. - Petrobras (PBR) is making bold strides in revitalizing Brazil’s downstream sector. It announced a sweeping $33 billion reais ($6 billion) investment plan centered in Rio de Janeiro. Through ...