Petrobras Held a Historic Meeting With China Yesterday (09/01), Establishing Strategic and Ambitious Partnerships in Bio-Refining, Biofuels, Green Hydrogen, Wind, and Solar Energy

Written by Flavia Marinho

Published on 02/09/2023 at 11:27

Jean Paul Prates apresenta diretrizes e planos de transição energética e descarbonização ao NDB, encerrando última agenda da missão estratégica à China / Foto: Divulgação Petrobras

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Green Revolution: Petrobras and New Development Bank Establish Strategic and Ambitious Partnerships on Chinese Soil Towards Energy Transition

Petrobras, the Brazilian oil giant, held a historic meeting on Chinese soil, establishing new guidelines and plans for energy transition and decarbonization. The meeting, held in Shanghai, marked a significant step in the partnership between Petrobras and the New Development Bank (NDB), known for financing infrastructure and development projects.

Exploring New Projects in the Areas of Biorefining, Biofuels, Green Hydrogen, Wind, and Solar

The president of Petrobras, Jean Paul Prates, and the director of Energy Transition and Sustainability, Mauricio Tolmasquim, led a high-level meeting with NDB president Dilma Rousseff on September 1st. The main agenda of this strategic meeting was the exploration of new projects in the areas of biorefining, biofuels, green hydrogen, wind, and solar.

This meeting marks a turning point in the commercial relations between Petrobras and the NDB. In 2018, Petrobras signed a credit line contract worth US$ 200 million with the NDB, intended for environmental projects at Reduc and Regap, which were fully settled in 2021. Now, the focus is on energy transition, aligning with global carbon emission reduction targets.

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Meeting Marks a Turning Point in the Commercial Relations Between Petrobras and the NDB

“Our meeting with the NDB was extremely relevant. We reopened the dialogue with the institution for financing company projects, especially in the area of energy transition”, emphasizes Prates. Petrobras’ commitment to seeking cleaner and more sustainable energy production alternatives aligns perfectly with the mission of the NDB to finance development and infrastructure projects.

The meeting in Shanghai also included important NDB advisors such as Aguinaldo Barbieri, Marco Túlio Mendonça, and Alessandro Teixeira, along with the Brazilian deputy consul in Shanghai, José Roberto de Andrade. This intercontinental collaboration demonstrates both parties’ commitment to facing the challenges of global energy transition.

Meeting Ends the Strategic Mission of Petrobras in China on a High Note

This meeting with the NDB concluded the strategic mission of Petrobras in China on a high note. Launched on August 25, the mission encompassed an impressive total of 17 meetings and technical visits to Chinese companies and institutions in the cities of Beijing and Shanghai.

The Petrobras delegation included directors Sérgio Caetano (Finance and Investor Relations) and Joelson Mendes (Exploration & Production), as well as the ambassador of Brazil in Beijing, Marcos Galvão. Together, they established significant agreements aimed at promoting joint ventures in the segments of exploration and production, energy transition, refining, petrochemicals, renewable energy, hydrogen, ammonia, and carbon capture.

China Represents a Bold Step Towards a More Sustainable and Cleaner Future

The agreements and memoranda signed in China represent a bold step towards a more sustainable and cleaner future. The partnerships aim to execute projects in several regions, including Brazil, China, Bolivia, and Suriname. This demonstrates the joint commitment of Petrobras and the NDB to lead the global energy transition, reduce carbon emissions, and explore new energy sources such as green hydrogen, wind and solar energy, and biofuels.

Petrobras Held a Historic Meeting With China Yesterday (09/01), Establishing Strategic and Ambitious Partnerships in Bio-Refining, Biofuels, Green Hydrogen, Wind, and Solar Energy

Green Revolution: Petrobras and New Development Bank Establish Strategic and Ambitious Partnerships on Chinese Soil Towards Energy Transition

Exploring New Projects in the Areas of Biorefining, Biofuels, Green Hydrogen, Wind, and Solar

Meeting Marks a Turning Point in the Commercial Relations Between Petrobras and the NDB

Meeting Ends the Strategic Mission of Petrobras in China on a High Note

China Represents a Bold Step Towards a More Sustainable and Cleaner Future

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Petrobras Held a Historic Meeting With China Yesterday (09/01), Establishing Strategic and Ambitious Partnerships in Bio-Refining, Biofuels, Green Hydrogen, Wind, and Solar Energy

Green Revolution: Petrobras and New Development Bank Establish Strategic and Ambitious Partnerships on Chinese Soil Towards Energy Transition

Exploring New Projects in the Areas of Biorefining, Biofuels, Green Hydrogen, Wind, and Solar

Meeting Marks a Turning Point in the Commercial Relations Between Petrobras and the NDB

Meeting Ends the Strategic Mission of Petrobras in China on a High Note

China Represents a Bold Step Towards a More Sustainable and Cleaner Future

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