en.Wedoany.com Reported - The Board of Directors of Petrobras approved on June 19, 2026, the Final Investment Decision (FID) for the RPBC Biorefinery Project, which plans to build a dedicated plant at the Presidente Bernardes Refinery (RPBC) in Cubatão, São Paulo state, to produce aviation bio-kerosene (bioQAV) and renewable diesel, with an estimated investment of approximately $1.2 billion.

With this decision, Petrobras will enter the final phase of contract signing, and construction is expected to begin by the end of 2026. The project has been included in the company's 2026-2030 Business Plan and, subject to financing conditions, in the implementation base portfolio. The plant is designed with a daily production capacity of up to 15,000 barrels per day (bpd) of renewable fuels (including aviation bio-kerosene and renewable diesel) and is expected to commence operations in 2030. In a statement, Petrobras noted that the project aligns with the company's commitment to leading the country's just energy transition and will also support the aviation industry in meeting regulatory requirements under Corsia (Carbon Offsetting and Reduction Scheme for International Aviation) and global commitments under Brazil's Future Fuels Law (Law No. 14.993/2024).

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