Petrobras signs MOU with Mubadala to explore Bahia biorefinery project

In Brazil, Petrobras has signed a memorandum of understanding with MIC Capital Partners (Brazil Strategic Opportunities) Fundo de Investimento em Participações, Mubadala Capital Group’s Multi-strategy Investment Abroad, to develop studies covering future businesses in the downstream segment, with emphasis on

evaluating Petrobras’ participation in a biorefining project.

The Mubadala Capital Group is in the process of developing an integrated biorefinery project in Bahia, focusing on the production of renewable diesel and sustainable aviation kerosene. This project reinforces Brazil’s role as a strategic supplier of renewable fuels, capitalizing the abundant natural resources present in the country.