Petrobras Refineries That Will Not Be Sold to Receive $300 Million in Investments by 2025

Written by Roberta Souza

Published on 24/05/2021 at 15:50

Refinaria de Paulínia/ Fonte: G1 – Globo

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The Refineries Of Petrobras That Will Receive The Investments Are: President Bernardes, Duque de Caxias, Capuava, Paulínia And Henrique Lage

Petrobras announced that it intends to invest about US$ 300 million in the refineries that are not on the divestment plans. The state-owned company’s announcement was made on the morning of this Monday (24), and the investments aim to increase the efficiency and performance of the assets. The Petrobras refineries that will receive the investments are President Bernardes, Duque de Caxias, Capuava, Paulínia and Henrique Lage, all located in the states of São Paulo and Rio de Janeiro. See also: Privatization Of 8 Out Of 13 Petrobras Refineries May Further Increase Fuel Prices, According To Oil Workers

Investment Plan Of Petrobras In Refineries

Petrobras announced a program called RefTOP – World-Class Refining, aimed at being among the best oil refineries in the world. This program is part of Petrobras’s Strategic Plan 2021-2025, with an investment of US$ 3.7 billion, of which US$ 300 million will be allocated to the refineries.

The RefTOP program also aims to position Petrobras more competitively in the opening of the oil refinery market in Brazil. The state-owned company also stated that it assessed global references of the main refining indicators to define the program’s objectives.

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In a statement sent to the Securities and Exchange Commission (CVM), Petrobras said that the program foresees initiatives to enhance the energy performance of the refineries, making better use of inputs such as natural gas, electricity, and steam in its operations. RefTOP will promote the intensive use of digital technologies, automation, and robotics in Petrobras’s refineries.

Technologies That Will Be Implemented In The Refineries That Are Not In The Divestment Plans

One of the examples of digital technologies that Petrobras has already been adopting and will be expanded with the program is Digital Twins (digital representations of operational installations), used for real-time monitoring, reducing failures, and facilitating decision-making.

Another important point of the Petrobras refineries program that are not in the divestment plans is the increase in the production of high-value-added derivatives, such as diesel and propylene. In the statement, Petrobras said it will leverage the processing of pre-salt oil (which has low sulfur content), bringing competitive advantages and opportunities to increase the refining margin, favoring the production of S-10 diesel and bunker.

Petrobras also states that RefTOP, along with the Gas + Program and BioRefining 2030, will prepare the company’s refining and natural gas activities for an open, competitive market transitioning to a low-carbon economy, as outlined in the Strategic Plan 2021-2025.

Petrobras Refineries That Will Not Be Sold to Receive $300 Million in Investments by 2025

The Refineries Of Petrobras That Will Receive The Investments Are: President Bernardes, Duque de Caxias, Capuava, Paulínia And Henrique Lage

Investment Plan Of Petrobras In Refineries

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Technologies That Will Be Implemented In The Refineries That Are Not In The Divestment Plans

See Also: Petrobras Secures Extension Of The Deadline For Sales Of Its Refineries And Gas Assets

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Petrobras Refineries That Will Not Be Sold to Receive $300 Million in Investments by 2025

The Refineries Of Petrobras That Will Receive The Investments Are: President Bernardes, Duque de Caxias, Capuava, Paulínia And Henrique Lage

Investment Plan Of Petrobras In Refineries

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Technologies That Will Be Implemented In The Refineries That Are Not In The Divestment Plans

See Also: Petrobras Secures Extension Of The Deadline For Sales Of Its Refineries And Gas Assets

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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With 241 meters, 48 thousand tons, and a structure designed to accompany aircraft carriers at sea, the Chinese ship that refuels fleets in motion was born to push Beijing away from the coast and has become the hidden gear of its naval projection.