Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 94

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 94
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 the chains of ethanol, biodiesel, and biogas,    
       aiming to meet market demands while developing actions for adequate access to raw materials.  
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–                                               Low                                            
                                     carbon emission hydrogen:                                 
     to operate in the production of low carbon emission hydrogen and its derivatives, focusing
    on the decarbonization of our operations, products, and business development to meet market
                                              demand.                                          
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–                                               Renewable                                            
                                  generation: to operate preferentially                              
         in partnership with large companies in the sector, aiming for the decarbonization of our    
    operations, integration of the low carbon solutions portfolio, and capturing market opportunities
                                                in Brazil.                                           
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–                                          CCUS:                                        
    decarbonization of our operations in an integrated manner with the company’s assets,
              while providing services to third parties seeking profitability.          
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 For more information, please refer to section “Strategic Plan 2050 and Business Plan 2025-2029”.
 In 2024, we signed 33 non-binding legal instruments in the renewable energy sector, with companies and governments in Brazil, Denmark, China and Argentina, as we aim to work together with major players to jointly evaluate opportunities. If these opportunities prove to be viable and attractive for all parties, we can finalize binding agreements and investments in line with our objectives of promoting energy transition as well as profitability, mainly with large companies in the energy generation and biofuels segments.
 Some of these non-binding legal instruments include Memorandums of Understanding (MoUs) and Protocols of Intent signed with companies and governments to explore new technologies, business opportunities and partnerships in decarbonization, low-carbon fuels, hydrogen, carbon capture and storage (CCUS), renewable energy and energy transition. With these cooperation agreements legal instruments, we intend to leverage the implementation of an e-methanol plant in Pernambuco, evaluate commercial opportunities in decarbonization and low-carbon fuel projects in Brazil and study the feasibility of a pilot project in offshore wind energy in the State of Rio Grande do Norte and Rio de Janeiro.
 In addition, we also aim to foster innovation by jointly developing a 7 megawatt (MW) onshore wind turbine with WEG, a Brazilian global electronics company, the first of this size to be built in Brazil. We expect series production of this equipment to begin in 2025. We invest US$21 million in the project in 2023 and 2024, and we expect to apport approximately