Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 95

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 95
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 US$6 million in 2025 and 2026. The agreement covers the development of technologies to produce wind turbine components, suitable for Brazilian wind conditions, as well as the construction and testing of a prototype, with technical and commercial counterparts for us.
  
Annual Report and Form 20-F 2024 |

The agreements signed are non-binding, and in order to monitor the progress of the studies and discussions, committees will be formed with representatives from each company. The agreements are aligned with the strategic elements of Strategic Plan, which aim to prepare us for a more sustainable future, contributing to the success of the energy transition. Only after the necessary technical analyses have been completed can potential projects arising from the signed agreements have official cost, time and return estimates. These estimates will allow the potential project to be assessed by internal approval bodies in the future, in accordance with our governance and always giving preference to an option merger or acquisition over the own development of projects.
 
Biofuels
 
BioRefino
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We have a biorefining program known as the BioRefino 2030, launched in 2020, with the purpose of transforming our refining processes into a more sustainable industry, in line with a low carbon based economy. In 2022, our projects for the generation of new, modern and sustainable fuels, such as renewable diesel and biojet, were expanded and gained an even higher priority starting a new phase of the BioRefino Program. In 2023, the modifications in infrastructure of RPBC, REDUC and REPLAN refineries allowed the expansion of the Diesel-R production capabilities. Other projects concerning coprocessing in hydrotreating units are still waiting for the development of a more demanding voluntary market, since it was not included in mandates for Hydrotreated Vegetable Oil (HVO) by the recently approved regulatory framework (also known as “Combustível do Futuro”).
 Diesel with a renewable content (Diesel-R) is partially composed of an advanced biofuel, produced from coprocessing conventional diesel with vegetable oils using our proprietary HBIO™ technology. The renewable part of resulting fuel (HVO) presents the same structure as conventional diesel fuel and reduces the emission of greenhouse gases compared to mineral diesel oil. Coprocessed diesel with a renewable content, as well as pure HVO, are free from contaminants and do not cause any damage to engines, effectively increasing vehicle life and reducing transportation costs.
 Commercialization of Diesel R, our lower carbon intensity product that contains HVO, is focused on clients who want