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The logo of the Brazilian oil company Petrobras is pictured at a gas station in Rio de Janeiro, Brazil, February 22, 2021. REUTERS/Ricardo Moraes Acquire Licensing Rights
RIO DE JANEIRO/SAO PAULO, Sept 12 (Reuters) – Brazil’s state-run oil company Petrobras (PETR4.SA) will present on Wednesday new initiatives aiming to make the company the country’s biggest developer of wind energy.
Chief Executive Jean Paul Prates and Mauricio Tolmasquim, Petrobras’ head of energy transition and sustainability, will present the initiatives, the company said in a statement on Tuesday.
Tolmasquim told reporters earlier on Tuesday that Petrobras was evaluating partnerships for greenfield projects and possible mergers and acquisitions, as the firm looks to boost its green energy projects.
“The path we’ve chosen is one of partnerships,” Tolmasquim said at an event in Sao Paulo state, adding the company plans to be a “major player” in energy, hydrogen and carbon capture.
Tolmasquim said Petrobas would focus on cutting emissions from its product portfolio and seek decarbonization through partnerships with other companies.
Petrobras also plans to invest in green “electrons and molecules,” or products which produce and store power while producing negligible amounts of harmful emissions, he said.
Reporting by Marta Nogueira and Leticia Fucuchima; Editing by Sarah Morland and Timothy Gardner
Our Standards: The Thomson Reuters Trust Principles.
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