The joint venture formed between Shell, Pátria Investimentos and Mitsubishi Hitachi was closed at 700 million for the operation and acquisition of Thermoelectric Plant in Macaé, with 1500 jobs at the peak of the undertaking.

The Royal Dutch Shell Plc, the private group Pátria Investimentos and Mitsubishi Hitachi Power Systems, said on Monday that they will invest US$700 million to build and operate a gas-fired plant in the state of Rio de Janeiro. The joint venture will build the Marlim Azul thermoelectric plant, with a capacity of 565 megawatts (MW) in Macaé, on the coast of Rio, and will use natural gas supplied by Shell Brasil Petróleo Ltda.

“This is a fundamental strategic step for Shell in Brazil in the diversification of its portfolio and in the energy transition in the country. We were looking for an efficient way to monetize the natural gas that will be produced in the pre-salt fields, where our presence has increased significantly.

This project will allow a synergy between our deep water, gas and electricity businesses, and for that we found committed partners aligned with our purposes”, said the president of Shell Brasil, André Araujo.

The majority shareholder of the project will be Pátria Investimentos, with 50,1% of the shares, Shell with 29,9% and Mitsubishi Hitachi Power Systems with the smallest share, 20%. At the highest point of the development, the number of job vacancies will reach 1500 job opportunities.

the competence of Shell in this venture if will boil down to supplying the gas and commercializing the electricity generated.

In terms of national ranking, the Anglo Holandesa company is only behind Petrobras in oil production in Brazil, in addition to being a partner in pre-salt projects with the state-owned company.

In December of 2018, the Shell reached the production mark of 329 barrels of oil per day and a volume of 13 million m³ of gas.