Petrobras Returns to Ethanol With R$ 11 Billion Investment and Goal of 2 Billion Liters Annually!

Written by Bruno Teles

Published on 23/11/2024 at 18:55

Petrobras investe US$ 2,2 bilhões e prevê produzir incríveis 2 bilhões de litros de etanol por ano! (Imagem: Reprodução)

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Petrobras Will Invest R$ 11 Billion in the Segment Between 2025 and 2029, Seeking Strategic Partnership with Major Producers.

Petrobras is officially back in the ethanol market. After years away from the segment, the state giant announced an investment of R$ 11 billion between 2025 and 2029, aiming for an annual production of 2 billion liters of the biofuel. The strategy was detailed by the company’s management in the new business plan presented this Friday (22).

According to Maurício Tolmasquim, Executive Director of Energy Transition, the entry into the market will be robust and strategic. “The idea is to start big; we are not starting from scratch,” Tolmasquim stated at a press conference. The company is already in talks with “four or five” potential partners to form a joint venture in the sector.

Petrobras Plans Strategic Partnership to Boost Ethanol

Petrobras Returns to Ethanol with Investment of R$ 11 Billion and Goal of 2 Billion Liters Annually!

Petrobras’s plan is to enter the ethanol segment through a partnership with a large, established company. The model assumes that partners will bring existing opportunities while the state company will contribute to expanding production capacity.

ARTICLE CONTINUES BELOW

Sugar Cane and Corn on the Radar

Petrobras is evaluating two main routes for ethanol production: sugarcane and corn. While the corn route has been rapidly expanding, especially in the Midwest, sugarcane can bring synergies with the production of sustainable aviation fuel (SAF).

“Corn is growing rapidly in Brazil and makes sense for the Midwest, while sugarcane would be a strategy focused on the Southeast,” Tolmasquim explained. He also mentioned that a new pipeline for transporting fuels to the Midwest is on the company’s radar for the next decade.

Guaranteed Profitability

Tolmasquim assured that the ethanol project will be economically viable, with a return above 10%. According to him, the plan can be implemented quickly, depending on the conclusion of a strategic agreement with partners. “With this, we bring back an important asset in ethanol to Petrobras’s portfolio,” he stated.

Investments in ethanol are part of a larger package of R$ 21.5 billion allocated to bioproducts, which also include biorefining, biodiesel, and biomethane.

Focus on Molecules, Not Electrons

CEO Magda Chambriard highlighted that the return to ethanol reflects Petrobras’s strategy to focus on molecules in the low-carbon segment. “We have installed infrastructure for the distribution of liquids, such as tanking and pipelines. Our DNA is molecular, and this facilitates our return to ethanol as a relevant operator,” Chambriard said.

Nevertheless, the company maintains plans to explore renewable energy sources, such as wind and solar, with R$ 21.5 billion in projects evaluated until 2029.

Market Relevance

With this move, Petrobras not only reaffirms its commitment to the energy transition but also seeks to consolidate a prominent position in the ethanol market. The expectation is that this return will create a positive impact on the competitiveness of biofuel and strengthen the state company’s presence in the Brazilian energy landscape.

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Petrobras Returns to Ethanol With R$ 11 Billion Investment and Goal of 2 Billion Liters Annually!

Petrobras Will Invest R$ 11 Billion in the Segment Between 2025 and 2029, Seeking Strategic Partnership with Major Producers.

Petrobras Plans Strategic Partnership to Boost Ethanol

Sugar Cane and Corn on the Radar

Guaranteed Profitability

Focus on Molecules, Not Electrons

Market Relevance

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Petrobras Returns to Ethanol With R$ 11 Billion Investment and Goal of 2 Billion Liters Annually!

Petrobras Will Invest R$ 11 Billion in the Segment Between 2025 and 2029, Seeking Strategic Partnership with Major Producers.

Petrobras Plans Strategic Partnership to Boost Ethanol

Sugar Cane and Corn on the Radar

Guaranteed Profitability

Focus on Molecules, Not Electrons

Market Relevance

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Egypt wants to draw 10 million cubic meters of water from the Nile per day into the desert, irrigate a new agricultural frontier, and build a city where there is currently only sand.

BRICS is preparing a payment system inspired by the Brazilian PIX that will allow direct transactions between countries using national digital currencies without relying on the dollar or Western banks as intermediaries.

Ethiopia has banned gasoline and diesel cars, placed over a hundred silent electric buses on the streets of Addis Ababa, and now aims for half a million electric vehicles by 2030, all powered by Africa’s largest dam and a courage that few countries have shown.

In the South Atlantic, three isolated volcanic islands cause the wind to draw perfect spirals visible from space: a rare phenomenon called von Kármán vortex streets forms symmetrical patterns behind the peaks of the South Sandwich Islands and was recorded by the NOAA-20 satellite in 2025.

Created to cling to ships like a lamprey, the new U.S. underwater drone sleeps on the ocean floor, launches torpedoes, and recharges itself with the current.

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