Petrobras announced this Wednesday (6) that it will no longer put its wholly-owned subsidiary Petrobras Biocombustível SA (PBio) up for sale, which will be kept in the company’s portfolio. According to the company, the executive board’s decision is in line with current strategies, “which consider Petrobras’ performance in low-carbon businesses, diversifying the portfolio in a profitable way and promoting the perpetuation of the state-owned company”.
“In a complementary manner, within the scope of the discussions of the new cycle of its Strategic Plan, Petrobras is evaluating alternatives and business models for PBio through partnerships that can enhance its operations, considering new business opportunities, possible synergies between the assets of the company and maximizing results”, explained Petrobras, in a note. .
Subsidiary
Founded in 2008, PBio is a wholly owned subsidiary of Petrobras, active in the biofuel production and sulfur marketing segments, owner of three biodiesel plants: two operational located in Candeias (BA) and Montes Claros (MG) and one in Quixadá (CE), which is hibernated.
