A Joint Venture Formed Between Shell, Pátria Investimentos and Mitsubishi Hitachi Was Closed at 700 Million for Operation and Acquisition of the Power Plant in Macaé, with 1500 Jobs at Peak of Project.
Royal Dutch Shell Plc, the private group Pátria Investimentos and Mitsubishi Hitachi Power Systems, stated on Monday that they will invest US$ 700 million to build and operate a gas plant in the state of Rio de Janeiro. The joint venture will build the Marlim Azul thermoelectric power 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 diversifying 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 significantly increased.
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This project will allow for a synergy between our deepwater, gas, and electric power businesses, and for that, we found committed partners aligned with our purposes,” said Shell Brazil’s president, André Araujo.
The project will have Pátria Investimentos as the majority partner, with 50.1% of the shares, Shell with 29.9%, and Mitsubishi Hitachi Power Systems with the smallest share, 20%. At the peak of the venture, the number of job openings will reach 1500 job opportunities.
The competence of Shell in this venture will summarize to providing the gas and marketing the generated electricity.
In terms of national ranking, the Anglo-Dutch 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 2018, Shell reached the production mark of 329 thousand barrels of oil per day and a volume of 13 million m³ of gas.

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