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Home Renewable

Petróleo Brasileiro S.A. Approves $1.2 Billion Investment in Renewable Fuels

Palak by Palak
July 10, 2026
in Renewable
Reading Time: 1 min read
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Petróleo Brasileiro
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Petrobras has approved the final investment decision for the RPBC Biorefining project at the Presidente Bernardes Refinery in Cubatão, São Paulo, Brazil. The project represents an estimated investment of approximately $1.2 billion. The project involves the construction of a facility capable of producing up to 15,000 barrels per day of renewable fuels, including sustainable aviation fuel (SAF) and renewable diesel. 

Furthermore, the project’s commercial operations are targeted for 2030. Following the approval, Petrobras will proceed with final contracting activities, with construction expected to commence by the end of 2026. The project supports Petrobras’ energy transition strategy and aligns with international aviation decarbonisation requirements under CORSIA as well as Brazil’s Future Fuel Law. 

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In October 2025, Exolum announced an investment of £4.5 million to establish a sustainable aviation fuel blending facility at Redcliffe Bay in south-west England. The facility at Redcliffe Bay will supply blended SAF through Exolum’s national pipeline network to airports in southern England and Wales, including Heathrow, Gatwick, Bristol, Exeter, and Cardiff. It will form part of a planned 2,000 km pipeline-based SAF blending hub network. 

Tags: InvestmentPetróleo Brasileirorenewable fuels
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