Petrobras Surges on $1.5B Biofuel Push as $210M Volume Slides to 452nd in Daily Turnover

On August 28, 2025, Petrobras (PBR) rose 1.31% with a trading volume of $210 million, ranking 452nd in daily turnover. The company is accelerating its energy transition through a $1.5 billion investment in biofuels by 2029, focusing on renewable diesel, sustainable aviation fuel, and maritime bunker fuels. These initiatives aim to reduce greenhouse gas emissions and diversify Brazil’s energy mix, positioning Petrobras as a leader in low-carbon energy solutions.

The BioRefining Program includes a landmark project at the Presidente Bernardes Refinery in Cubatão, Brazil’s first facility dedicated to producing BioQAV (a synthetic component for sustainable aviation fuel) and 100% renewable diesel. The plant, set to begin construction in late 2026, will process 950,000 tons of renewable feedstock annually, producing 16,000 barrels of fuel daily. It is expected to create 3,000 jobs and reinforce Brazil’s role in global biofuel production.

Petrobras is also advancing biogas projects and engaging in policy dialogues to ensure a just energy transition. Its efforts align with Brazil’s Fuel of the Future law and international climate goals, emphasizing environmental responsibility while maintaining energy security. Recent regulatory approvals, including offshore drilling in the Foz do Amazonas basin, further underscore its expansion into new energy frontiers.

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