Petrobras Approves $1.2 Billion Cubatão Biofuels Plant With 15,000 bpd Capacity
PBRA•Petrobras' board approved a $1.2bn final investment decision for a biofuels facility at its Cubatão refinery, targeting 15,000 barrels per day of bio-jet fuel and renewable diesel. Construction begins by end-2026, with operations slated for 2030 under the company's 2026–30 Business Plan.
1. Board Approval and Investment Decision
Petrobras' board has given final investment decision approval for a $1.2bn biofuels facility at the Presidente Bernardes Refinery in Cubatão, signaling a major commitment to renewable fuel production as part of its strategic portfolio.
2. Project Specifications and Capacity
The new plant is designed to produce up to 15,000 barrels per day of renewable fuels, including bio-jet fuel and renewable diesel, enhancing the company's product mix and supporting aviation decarbonization efforts.
3. Timeline and Execution
Petrobras will enter the final contracting phase immediately, with construction expected to start by the end of 2026 and operations to commence in 2030, pending financing and contractual milestones.
4. Strategic and Regulatory Alignment
This facility is included in Petrobras' 2026–30 Business Plan and its Base Implementation Portfolio, aligning with Brazil’s Future Fuel Law and international aviation decarbonization schemes to support a just energy transition.
