Petrobras to analyse Mubadala Capital proposal for refining and biorefining partnership
Published by Poppy Clements,
Assistant Editor
Hydrocarbon Engineering,
The business model to be analysed will take into account future investments and the development of new technologies in conjunction with Mubadala Capital.
Mubadala Capital, which through Acelen controls the Mataripe Refinery (RefMat) and Acelen Energia Renovável S.A. (Biorrefinaria), indicates in its correspondence the main terms and conditions of the possible partnership. Petrobras will evaluate the acquisition of a stake in these assets.
The proposal will still be subject to internal evaluation by Petrobras. The company also clarifies that any investment decisions must, within the governance established at Petrobras, go through the planning and approval processes provided for in the applicable systems, with their technical and economic viability demonstrated.
Read the article online at: https://www.hydrocarbonengineering.com/refining/03012024/petrobras-to-analyse-mubadala-capital-proposal-for-refining-and-biorefining-partnership/
You might also like
The Hydrocarbon Engineering Podcast - Overcoming downstream challenges with new technology
In this episode of the Hydrocarbon Engineering Podcast, Omar Sayeed, Centre of Excellence Leader for Reliability, and Rahul Negi, Director of AI and Industrial Autonomous, Honeywell Process Solutions, consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
