Tag: Petrobras

Petrobras raises diesel prices despite president’s complaints

Petrobras raises diesel prices despite president’s complaints

May 9, 2022 |

In Brazil, Reuters reports that despite the president’s pressure on Petrobras to keep diesel prices low as the presidential election season kicks off, even having sacked the last CEO for raising fuel prices in light of the Russian invasion of Ukraine, the new Petrobras CEO has raised diesel prices by nearly 9%. Gasoline prices we […]

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Petrobras and Vibra to launch R5 fuel trial with bus company in Paraná in January

Petrobras and Vibra to launch R5 fuel trial with bus company in Paraná in January

December 29, 2021 |

In Brazil, in January Petrobras and Vibra will begin testing the new Diesel R5 (with 5% renewable content) produced at the Getúlio Vargas Refinery (Repar). Three bus lines operated by Auto Viação Redentor, in Curitiba, Paraná, will run on the new fuel for the next six months. During the period, around 120,000 liters of fuel […]

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Petrobras to trial its renewable diesel with select customers beginning in January

Petrobras to trial its renewable diesel with select customers beginning in January

December 21, 2021 |

In Brazil, Reuters reports that while Petrobras waits for regulatory approval for its new renewable diesel co-processed with soybean oils, it will begin six months of testing the fuel with customers in January. The tests will be with an unnamed bus fleet owner backed by a fuel distributor. The fuel is produced at its Repar […]

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Fitch Ratings concerned of policy risk for ethanol following Petrobras CEO shuffle

Fitch Ratings concerned of policy risk for ethanol following Petrobras CEO shuffle

February 24, 2021 |

In Brazil, the request to replace Petroleo Brasileiro S.A.’s CEO made by the Brazil’s Ministry of Mines and Energy is viewed by Fitch Ratings as raising uncertainties for the ethanol sector whose price dynamics are strongly correlated with Petrobras’ pricing policy. The government influence on Petrobras’ business strategy could be a cash flow negative for […]

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Brazilian hydrous ethanol hits record high as Petrobras pushes gasoline prices higher

Brazilian hydrous ethanol hits record high as Petrobras pushes gasoline prices higher

February 10, 2021 |

In Brazil, Platts reports hydrous ethanol hit a record high of more than $500 per cubic meter on February driven by a number of factors including another, this time unexpected, Petrobras gasoline price hike. Carnival holidays, despite the lack of Carnival activities, and students returning to classes were expected to be the main drivers of […]

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Brazil’s antitrust regulator authorizes Petrobras sale of biodiesel unit worth $60M

Brazil’s antitrust regulator authorizes Petrobras sale of biodiesel unit worth $60M

January 24, 2021 |

In Brazil, BNAmericas reports that Brazil’s competition regulator, Cade, authorized RPBio to buy Petrobras Biocombustíveis’ 50% interest in local biodiesel plants operator BSBios. Petrobras said previously that the share is worth 322mn reais (US$60mn). “RPBio is a holding belonging to the ECB group, which owns the remaining 50% of BSBios. It operates in the biofuel […]

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Petrobras agrees sale of 50% of BSBios for $62.5M

Petrobras agrees sale of 50% of BSBios for $62.5M

December 23, 2020 |

In Brazil, Renewables Now reports that Petrobras has agreed to sell its 50% stake in BSBios, which owns two biodiesel plants with a combined capacity of 414,000 cubic meters, to RP Participacoes em Biocombustiveis SA for $62.5 million. Shareholders of Petrobras’ biofuels arms PBios must still approve the transaction that is part of a wider […]

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Petrobras to open climate change department to support renewable fuels

Petrobras to open climate change department to support renewable fuels

November 9, 2020 |

In Brazil, the Wall Street Journal reports that as Petrobras seeks to expand into renewable diesel like many other oil refiners around the world and especially in the Americas, it is establishing a climate change department to help the company tackle major challenges. Shifting to carbon capture technologies as well as lowering the company’s carbon […]

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Petrobras waiting for green light from ANP to take renewable diesel production commercial

Petrobras waiting for green light from ANP to take renewable diesel production commercial

August 4, 2020 |

In Brazil, following the successful production of renewable diesel from soy oil, Reuters reports Petrobras says it is ready to move to commercial scale production as soon as the ANP green lights sales of the fuel. The company announced earlier this month its intention to reduce the carbon intensity of its fuels by 16% over […]

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Petrobras successfully produces renewable diesel technology

Petrobras successfully produces renewable diesel technology

July 15, 2020 |

In Brazil, the Spanish news agency EFE reported Petrobras announced it has successfully completed the performance tests of a renewable diesel that it developed from vegetable oils and says that it is much more ecological and efficient than traditional biodiesel. The company reported that the large-scale tests with the new fuel were completed last Saturday […]

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