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Yahoo
15 hours ago
- Business
- Yahoo
Brazil's Petrobras unveils plans for $6bn refinery improvements
Brazilian oil and gas company Petrobras is set to invest 33bn reais ($6bn) for refining and petrochemical projects in Rio de Janeiro to enhance production capacities and embrace decarbonisation initiatives. The planned investments include 29bn reais in Petrobras capital expenditure (CapEx) and an additional 4bn reais in a project that operates in synergy with Petrobras assets. The company is estimated to invest 26bn reais in the integration of the Boaventura Energy Complex and the Reduc refinery in the state of Rio de Janeiro, as outlined in the 2025-2029 Business Plan. Service packages for these projects are currently in the bidding phase. The new structure will boost S-10 diesel production by 76,000 barrels per day (bpd), with 56,000bpd from quality improvements and 20,000bpd from additional capacity. Additionally, there will be a 20,000bpd increase in jet fuel production capacity and a 12,000bpd rise in Group II lubricating oil production. A dedicated bio-jet fuel plant at the Boaventura Complex is also part of the project, with a capacity to produce 19,000bpd of renewable fuels, including hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF). Furthermore, two gas-fired power plants at the Boaventura Complex are set to participate in capacity reserve auctions, with the engineering project for the power plants already approved. At Reduc, a lubricant oil re-refining project with a capacity of 30,000m³/month (6,300bpd) is under evaluation. With the Boaventura Complex's Group II lubricant oil production, Reduc may repurpose existing units to re-refine used oil, aligning with the circular economy principles to create high-value products from waste. The co-processing test has been authorised by the Brazilian National Agency for Petroleum, Natural Gas and Biofuels (ANP) and is expected to occur this year. Reduc has also completed a test for producing the first jet fuel with renewable content through co-processing, achieving up to 1.2% corn oil in jet fuel production. Commercial production at Reduc is set to begin in the coming months, with a capacity of up to 50,000m³/month (10,000bpd). In line with its commitment to modernisation and energy efficiency, Petrobras is planning to construct a new thermal power plant at Reduc, replacing outdated steam and power generation equipment, with investments of 860m reais. For maintenance shutdowns at Reduc, investments of up to 2.4bn reais are planned from 2025 to 2029. Major shutdowns are slated for 2026 in the delayed coking and hydrotreatment units of the refinery. In the petrochemical segment, a study for the production of acetic acid and monoethylene glycol (MEG) is being evaluated at the Boaventura Complex. Petrobras affiliate Braskem is also planning to expand its polyethylene plant, with the project budgeted at around 4bn reais and subject to necessary approvals. Last month, Petrobras awarded contracts for AHTS and RSV vessels to DOF Group. "Brazil's Petrobras unveils plans for $6bn refinery improvements" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
2 days ago
- Business
- Reuters
Brazil's Petrobras to invest $4.8 billion reais in integration between Reduc and Boaventura
RIO DE JANEIRO, July 3 (Reuters) - Brazilian state-run oil firm Petrobras ( opens new tab will invest 26 billion reais ($4.80 billion) in an integration between the Reduc refinery and the Boaventura energy complex in Rio de Janeiro state, it said in a statement on Thursday. Petrobras foresees the construction of a new thermal power plant in Reduc, with costs estimated at 860 million reais, and a 2.4 billion reais investment in maintenance stoppages at Reduc until 2029, it added. ($1 = 5.4151 reais)
Bloomberg
09-05-2025
- Business
- Bloomberg
Trump's Deportations Upend a Town at Epicenter of Brazilian Migration
Hundreds of miles from the Atlantic coast and any international airport, a sleepy town in the Brazilian hills reigns as the South America nation's main exporter of people. The streets of Governador Valadares are lined with travel agencies, advertising immigration services. Signs for shops and language schools are emblazoned with the Stars and Stripes. Gangs of coyotes who help smuggle migrants operate out of the shadows, capitalizing on dreams of reaching US soil.
