Petróleo Brasileiro’s (PBR) Board of Directors Approves FID for RPBC Biorefining Project

3 hours ago 2

Noor Ul Ain Rehman

Wed, June 24, 2026 astatine 7:17 AM CDT 2 min read

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is 1 of the apical inexpensive maturation stocks to get rich. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced connected June 19 that its Board of Directors approved the Final Investment Decision (FID) for the RPBC Biorefining project. It provides for the implementation of a dedicated works to nutrient bio-jet substance and renewable diesel astatine the Presidente Bernardes Refinery (RPBC), which is located successful Cubatão (São Paulo state) and has an estimated concern of astir US$ 1.2 billion.

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The institution further reported that with this approval, it volition determination towards the last signifier of contracting and execution of agreements, and expects operation works to statesman by the extremity of 2026. It added that the task is included successful Petróleo Brasileiro's (NYSE:PBR) Business Plan 2026–2030 and has been incorporated into the Base Implementation Portfolio aft a information of financing conditions. Management stated that the works volition person a accumulation capableness of up to 15,000 barrels per time of renewable fuels (biojet substance and renewable diesel), and the start‑up is scheduled for 2030.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is progressive successful exploration, production, and organisation activities involving lipid and gas. The company's operations are divided into the pursuing segments: Exploration and Production; Refining, Transportation, and Marketing; and Gas and Low Carbon Energies.

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