What is the purpose and scale of Petrobras' newly approved $1.2 billion investment?

Petrobras has approved a $1.2 billion investment to develop a plant producing renewable jet fuel (bioQAV) and renewable diesel, with a capacity of up to 15,000 barrels per day. The plant will be located at the Presidente Bernardes refinery in São Paulo state, with construction set to begin in 2024 and operations scheduled to start in 2030. This investment was already included in Petrobras' 2026–2030 strategic plan, and following board approval, the company will proceed to the final contracting phase.

Where will Petrobras' new renewable fuels plant be built, and when is it expected to become operational?

The renewable fuels plant will be located at Petrobras' Presidente Bernardes refinery in São Paulo state, and it is expected to begin operations in 2030, with construction scheduled to start in 2024.

Brazil's Petrobras approves $1.2 billion investment for renewable fuels plant

Jun 19, 2026

Petrobras approved a $1.2 billion investment to construct a renewable fuels plant producing biojet fuel and diesel at its Presidente Bernardes refinery, with operations scheduled to begin in 2030.

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