Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 97

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 97
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 marketing of these products.
 In November 2024, our Executive Board approved the discontinuation of the divestment process of the wholly-owned subsidiary Petrobras Biocombustível S.A. (“PBio”). PBio will remain in our portfolio, in line with our current strategic guidelines, which takes into account our low-carbon businesses, profitable portfolio diversification, and ensuring operational continuity. Additionally, in alignment with our Strategic Plan, we continue evaluating alternatives and business models for PBio, to be develop through partnerships aimed at enhancing our operations, considering new business opportunities, potential synergies between our assets, and the maximization of the results of Petrobras and its investees.
 PBIO has three biodiesel plants for its own operations. However, the Quixadá biodiesel plant has been inoperative since November 2016. Our biodiesel production capacity in the other two plants in operation is 8.63 mbbl/d. In 2024, we supplied 1.9% of Brazil’s biodiesel demand, according to the ANP.
 CNPE is responsible for setting the mandatory blend of biodiesel in all diesel sold in Brazil. In March 2024, the mandatory blend increased from 12% to 14%.
 

 Main 
Assets
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2024                                                                                 2023                       2022
Biofuels                                                                                                            
(1)                                                                                                                 
Biodiesel                                                    3                          3                          3
production units - PBIO                                                                                             
Biodiesel                                                 10.5                       10.5                       10.5
production capacity (mbbl/d) - PBIO                                                                                 
(1)                                                                                                                 
Includes the capacity of Quixadá biodiesel plant, which has been inoperative since November 2016.                   

Annual Report and Form 20-F 2024 |
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Customers and Competitors33F
 Natural gas is marketed to 55 clients, most of which are distributors. The entire demand for natural gas includes our non-thermoelectric, thermoelectric, refining and fertilizer markets, as well as the consumption by natural-gas carriers contracted by us for the provision of transportation services.
 

In the commercialization of natural gas, we act as importers and domestic producers who can directly sell our product to distributors, free consumers, or thermoelectric plants. In 2024 competition intensified, with new contracts between producers and clients, as expected due to the regulation which improved