The brand of Brazil’s state-run Petrobras oil firm is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker
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SAO PAULO, May 11 (Reuters) – Brazilian state-run oil firm Petrobras (PETR4.SA) mentioned on Wednesday it has signed a cope with TSE and Toyo Engineering Corp(6330.T) to build a new diesel hydrotreating unit at its Paulinia refinery.
The transfer would require $458 million in investments and is consistent with Petrobras’ 2022-2026 marketing strategy, the corporate mentioned in a securities submitting.
Petroleo Brasileiro SA, as the corporate is formally identified, mentioned the hydrotreating unit is anticipated to enter manufacturing in 2025 and ramp up its S-10 diesel and kerosene output by 63,000 barrels per day and 12,500 barrels per day, respectively.
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Reporting by Gabriel Araujo; Editing by Andrew Heavens
Our Standards: The Thomson Reuters Trust Principles.
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