Petrobras Approves $1.2 Billion Biorefining Project in Cubatão, Brazil
On June 19, 2026, Petrobras’ board approved a $1.2 billion Final Investment Decision for the RPBC Biorefining project at the Presidente Bernardes Refinery in Cubatão, Brazil. The plant will produce up to 15,000 barrels per day of renewable diesel and bio-jet fuel, with construction starting by end of 2026 and operations in 2030. The project aligns with Brazil’s Future Fuel Law and international aviation carbon reduction standards, supporting Petrobras’ 2026–2030 Business Plan and energy transition goals.
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Petrobras Approves $1.2B Investment for New Biofuels Facility in Brazil
Petrobras (PBR) announced on June 22, 2026, that its board approved a $1.2 billion investment to construct a new biofuels facility at the Presidente Bernardes Refinery in Cubatão, Brazil. The project, part of the company's 2026–2030 Business Plan, will produce 15,000 barrels per day of bio-jet fuel and renewable diesel. Construction is scheduled to begin by the end of 2026, with operations expected to start in 2030. The initiative aligns with Brazil's Future Fuel Law and supports international aviation standards like CORSIA, reflecting Petrobras' commitment to renewable energy and the energy transition. The announcement follows recent investments in Amazonas state, including logistics and drilling at the Urucu field, highlighting a broader strategy to modernize production and meet sustainability goals.
Yahoo FinancePetrobras Board Approves $1.2 Billion RPBC Biorefining Project for Renewable Diesel and Biojet Fuel
Petróleo Brasileiro S.A. (Petrobras) announced on June 19, 2026, that its Board of Directors approved the Final Investment Decision for the RPBC Biorefining project at the Presidente Bernardes Refinery in Cubatão, Brazil. The project involves a $1.2 billion capital outlay to produce renewable diesel and bio-jet fuel. Construction is expected to begin near the end of 2026, with the plant scheduled to launch in 2030. The facility will have an estimated production capacity of up to 15,000 barrels per day. The project is part of Petrobras' 2026–2030 Business Plan and aligns with Brazil's Future Fuel Law and international aviation carbon reduction regulations. Petrobras is an integrated oil and gas company involved in exploration, refining, transportation, and energy distribution.
Yahoo FinancePetrobras Board Approves RPBC Biorefining Project for Renewable Diesel and Biojet Fuel
Petróleo Brasileiro S.A. (Petrobras) announced on June 19, 2026, that its Board of Directors approved the Final Investment Decision for the RPBC Biorefining project at the Presidente Bernardes Refinery in Cubatão, Brazil. The project involves a US$1.2 billion investment to produce renewable diesel and bio-jet fuel, with an estimated capacity of up to 15,000 barrels per day. Construction is expected to begin near the end of 2026, with a launch date scheduled for 2030. The project is part of Petrobras' 2026–2030 Business Plan and aligns with Brazil's Future Fuel Law and international aviation carbon reduction regulations. Petrobras is an integrated oil and gas company involved in exploration, refining, transportation, and energy distribution.
Yahoo FinancePetrobras Board Approves $1.2 Billion FID for RPBC Biorefining Project
Petrobras (NYSE:PBR) announced on June 19, 2026 that its Board of Directors approved the Final Investment Decision (FID) for the RPBC Biorefining project, involving a dedicated plant at the Presidente Bernardes Refinery (RPBC) in Cubatão, São Paulo state. The estimated investment is $1.2 billion. Construction is expected to start by end of 2026, with operations beginning in 2030. The plant will produce up to 15,000 barrels per day of renewable fuels, including bio-jet fuel and renewable diesel. The project is part of Petrobras' Business Plan 2026-2030 and has been added to the Base Implementation Portfolio. The article also notes that while PBR is considered a cheap growth stock, the author suggests certain AI stocks may offer better upside.
Yahoo FinancePetrobras Board Approves Final Investment Decision for RPBC Biorefining Project
Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) announced on June 19, 2026, that its Board of Directors approved the Final Investment Decision (FID) for the RPBC Biorefining project. The project involves building a dedicated plant to produce bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery (RPBC) in Cubatão, São Paulo state, with an estimated investment of about US$ 1.2 billion. The company will now move toward final contracting and expects construction to start by end of 2026. The plant will have a production capacity of up to 15,000 barrels per day of renewable fuels, with start-up scheduled for 2030. The project is part of Petrobras' Business Plan 2026–2030 and has been included in the Base Implementation Portfolio. Petrobras operates in oil and gas exploration, production, refining, transportation, and low-carbon energy segments.
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