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The setback in the divestment process of the subsidiary PBio sparks new discussions about the reactivation of the Quixadá Power Plant, in Ceará. Petrobras intends to make investments in the field of biofuels to take advantage of the high potential of the state.
Starting the week with an eye on the future of the national energy market, Petrobras is backtracking on the Petrobras Biocombustíveis (PBio) divestment plan. The decision may lead to the reactivation of the Quixadá Plant, to take advantage of the high potential for production of biodiesel in the Ceará region. The state-owned company is preparing for future investments in renewable alternatives for the national energy market.
Reactivation of the Quixadá Power Plant becomes more and more likely with a setback in Petrobras' divestment project in the subsidiary PBio
With the new presidency of Jean Paul Prates in the state-owned company Petrobras, the oil company is getting closer and closer to the Lula government to promote investments in state-owned assets in the national market.
In this way, it has been retreating in the divestment plan in the subsidiary PBio, which may be the company's focus over the next few years for the biofuel market in the country.
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As a result, the reactivation of the Quixadá Plant, located in the state of Ceará, becomes increasingly likely, bringing great benefits to the northeastern state.
Information on the possible plan for biofuels was published by Estadão/Broadcast.
Bruno Iughetti, oil and gas consultant, highlighted that the company's decision will be very positive for the biofuels market in the country, since it will attract strong investments.
In addition, the reactivation of the Quixadá Plant will bring a new entrepreneurial perspective to the state of Ceará, as well as new job opportunities for residents of the region.
“I think this position is extremely delicate, but extremely positive, because Petrobras, in addition to being an oil company, can also be an energy company. It must invest in oil basins and in biofuels”, commented Bruno.
The specialist commented that Petrobras cannot be seen only as an oil and natural gas company, but as a state asset focused on energy.
In this way, investments in the biofuel sector with PBio become increasingly necessary in a context of energy transition in the country.
Reactivation of the Quixadá Power Plant with investments from the state-owned company's PBio can heat up Ceará's economy with new job opportunities
In addition to the direct impact on investments in the Ceará biofuel sector with the reactivation of the Quixadá Plant, Petrobras' decision could bring other strong benefits to the state.
Expedito Parente Júnior, specialist in biofuels and director of infrastructure at Adece (Development Agency of the State of Ceará), highlighted the generation of empregos as their main one.
In addition, he recalled that PBio's operations in the renewable fuel sector in the region could lead to a strong collection of government taxes.
The Quixadá plant may also make room for even larger undertakings in the sector throughout the Northeast.
“The local impact would be great, because I've already seen units being relaunched and the local impact is huge, in addition to offering biodiesel and focusing on the energy transition”, highlighted the Adece specialist.
With the setback in the PBio privatization process and the possibility of reactivating the Quixadá Plant, Petrobras is preparing for a new moment in investments in biofuels in the country.
