Petrobras, following up on the announcement made on November 16, 2023, informs that it has signed today a Heads of Agreement (HoA) with the Danish company European Energy. This agreement is an important step in negotiations to structure a business partnership aimed at implementing a commercial-scale e-methanol plant in Brazil, to be installed in the state of Pernambuco.

E-methanol is a low-carbon solution that can be used in industrial processes or as a fuel, especially in maritime transport. It is produced by combining low-carbon hydrogen, obtained through water electrolysis using renewable energy sources such as solar and wind, with biogenic carbon dioxide.

The signing of the HoA is aligned with Petrobras’ Strategic Plan 2050 and Business Plan 2025-2029 (PN 2025-29), which aim to prepare Petrobras to lead a fair energy transition, reducing its emissions and expanding the supply of more sustainable products.

The establishment of business partnerships contributes to risk mitigation, strengthening of corporate governance, and sharing of information, experiences and technology.