Petrobras Signs Agreement With Mubadala to Study Biofuel Opportunities
By Jeffrey T. Lewis
SÃO PAULO--Petroleo Brasileiro said Monday that it signed a memorandum of understanding with Mubadala Capital to study possible opportunities in downstream activities, with a focus on refining biofuels.
Abu Dhabi-based Mubadala is already in the process of developing an integrated biorefining project in the Brazilian state of Bahia, with a focus on production of renewable diesel and sustainable jet fuel, the oil company known as Petrobras said.
The agreement is part of Petrobras's efforts to increase its production of sustainable biofuels and reduce greenhouse-gas emissions, the Brazilian company said.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
September 04, 2023 09:20 ET (13:20 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks