Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 111

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 111
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 leader in the energy transition and meeting the growing demand for renewables. Through the program, we expect to expand our production capacity for R5 Diesel (with 5% renewable content), via the co-processing route, integrated with the operations of some units in our refining system.
 There are also other projects and studies involving biofuels produced by different technological routes, in particular dedicated plants for BioQav (also known as SAF or BioJet fuel) and 100% renewable diesel (Hydrotreated Vegetable Oil or HVO) via the HEFA (Hydroprocessed Esters and Fat Acids) route, as well as ATJ (Alcohol to Jet) studies, a route for producing SAF by processing ethanol. Biorefining projects are also being evaluated in partnership with Refinaria Riograndense and Acelen.
 The main investments in Marketing and Logistics focus on removing logistical bottlenecks and expanding operations in strategic markets. Highlights include the initiative to build 16 new cabotage ships and the implementation of logistics projects to increase our presence in growing markets, such as investments in the Port of Santos Waterway Terminal and the construction of a new light fuel pipeline to supply the Midwest.
 In addition, there is the resumption of fertilizer activities, with investments totaling US$900 million over the five-year period in projects such as the resumption of construction of the Nitrogen Fertilizer Unit (UFN-III), in Três Lagoas (Mato Grosso do Sul), and the reactivation of the Araucária Nitrogenados S.A. (ANSA) fertilizer plant, in Araucária (Paraná).
 In petrochemical activities, studies will be conducted into business opportunities in synergy with refining.
 
Gas & Low Carbon Energies (G&LCE)
 The natural gas and low carbon energies projects are expected to receive total investments of US$11 billion, maintaining the initiatives outlined in the previous plan. The focus will be on the reliability and availability of our assets to ensure competitiveness in the operation and commercialization of gas and power, while also including emissions reduction projects and initiatives to integrate renewable sources.
 The Business Plan 2025-29 considers the development of two thermal power plants in the Boaventura Energy Complex in Itaboraí (Rio de Janeiro), with the implementation of these projects being conditional upon success in future energy capacity reserve auctions.
 Regarding low carbon energies (scope 3), the approved plan considers projects and research, among others, in the following segments: onshore renewable