Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 96

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 96
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 to meet their voluntary ESG goals.
 
Ongoing Projects
 BioQav (also known as SAF or BioJet fuel) is expected to be used worldwide to reduce the emissions of greenhouse gases in the aviation sector. This was determined by the International Civil Aviation Organization (“ICAO”) and will be mandatory in Brazil in 2027. The production process for BioQav, through hydrogenation, uses the same raw materials required for the production of HVO, which is also formed as a coproduct of the same process. On top of coprocessing units, two dedicated plants for the production of SAF and/or HVO are on the way with Hydroprocessed Esters and Fatty Acids (the “HEFA”) technology.
 An additional unit is being studied to produce SAF using ATJ (alcohol-to-jet) technology and ethanol as raw material, to take advantage of our strategic position in the logistics and commercialization of ethanol. Possibilities of partnership with other companies well positioned in the ethanol chain and/or SAF market are also being considered.
 In order to comply with ICAO requirements in terms of avoided CO2 emissions while dedicated units are not in operation (2027-2029), a coprocessing unit totally dedicated to produce Biojet is being studied at the REPLAN refinery.
 

Annual Report and Form 20-F 2024 |

100% renewable feedstock processing in a fluid catalytic cracking unit (FCC)
 We and Riograndense Oil Refinery (“RPR”) have achieved a historic milestone by processing, for the first time, 100% soybean oil in an industrial refining unit. The technology, developed at the Research, Development and Innovation Center of Petrobras (the “CENPES”), allows us to convert 100% renewable feedstock, with innovations in process and catalyst, generating fully renewable products (petrochemical and fuels). This processing of 100% renewable feedstock in a Fluid Catalytic Cracking Unit (the “FCC”) is the first of its kind in the world.
 The test was made possible by a cooperation agreement signed in May 2023 between the RPR shareholders companies (Petrobras, Braskem and Ultra), which provided the use of the refinery’s units for testing technologies developed by CENPES. The investment in the test was made in accordance with the PD&I clauses of the ANP.
 

We also operate in the production of biodiesel through our wholly owned subsidiary PBIO, which manages our activities for the production, logistics and