Petrobras signs agreement with Mitsui to evaluate low-carbon business opportunities

Petrobras informs that today, 3/19, it signed a Memorandum of Understanding with Mitsui & Co. (Brasil) S.A. to evaluate, on a non-binding basis, low-carbon business opportunities in Brazil. The agreement was signed during CERAWeek, a global energy conference being held in Houston, USA.
 
The partnership involves evaluating potential opportunities for the production of sustainable hydrogen and its derivatives, the use of biomethane, and CO2 capture, transportation, and storage (CCS). Mitsui & Co. is a global trading and investment company with a presence in more than 60 countries and a diversified business portfolio covering a wide range of sectors.
 
"The agreement with Mitsui Co. (Brazil) S.A. seeks to identify common synergies in potential projects in low-carbon segments in Brazil. We will also explore how these synergies can open up commercial opportunities in Japan, one of the largest potential markets for renewable products," said Petrobras' Director of Energy Transition and Sustainability, Maurício Tolmasquim.
 
The Memorandum of Understanding aligns with the low-carbon segments prioritized in the 2024-28+ Strategic Plan, which aims to prepare Petrobras for a more sustainable future and contribute to a fair energy transition.