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Petrobras plans to expand its operations in the petrochemical area after the change of government.
The decision of Petrobras in relation to its 36,1% stake in Braskem will have an impact on the possibility of a future petrochemical project at Polo Gaslub, in itaboraí (RJ), according to directors of the state-owned company. Petrobras' partner company at Braskem, Novonor, received a new offer from Adnoc, a state-owned company in the United Arab Emirates, which is willing to pay R$10,5 billion for Novonor's 38,3% stake, leaving Petrobras with a 3% stake.
Conditions of Petrobras' non-binding offer to Braskem
The non-binding offer from Petrobras to Braskem presents several conditions, the most important being the right of preference of the Petrobras in the event of sale or expansion of participation in Braskem. Petrobras intends to expand its operations in the segment petrochemical, since the demand why these products are more resilient than that of others derivatives of oil, especially in the context of energy transition. The company expressed its interest in not nationalizing the Braskem, but rather in having a strategic partner in the project.
William França, executive director of industrial processes and products, highlighted the importance of the decision on the Braskem for the future of Petrobras in conference calls held this Friday (10/11). He highlighted that the outcome of the negotiations is expected for the beginning of 2024, and that the presence of components such as ethane e propane No. pre-salt gas favor the expansion of Petrobras in the segment petrochemical, which will bring positive impacts to itaboraí, which will have a new source of raw material for the industry petrochemistry.
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In the future, the region will have access to new Results that can be used in projects petrochemicals with the processing of pre-salt gas em itaboraí.
Currently, the state-owned company is focused on completing the gas pipeline Rota 3 and the processing unit natural gas (UPGN). Furthermore, it is planned to install a catalytic hydrocracking (HCC) for the production of lubricants e derivatives in joint operation with Reduce, in Duque de Caxias (RJ).
An alternative considered for the region is the eventual construction of a biorefining, aiming to manufacture biofuels advanced, such as green diesel (HVO) and the aviation biokerosene (bioQAV or SAF, in its acronym in English). The financial and investor relations director, Sérgio Caethane Leite, highlighted that negotiations are ongoing between Novonor e Adnoc, and the development of this area can happen independently of the participation of Petrobras na Braskem.
Petrobras alternatives in the sector Petrochemical
A Petrobras is exploring other options in the sector petrochemical Besides the Braskem, which is a faster and more practical solution, but it is not the only alternative available to the state-owned company. Other options include refineries of the company itself and the GasLub project. However, the Petrobras is currently subject to a non-compete agreement with Braskem, which limits your options.
Source: EPBR Agency
