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Petrobras (PBR) OKs US$1.2B RPBC bio-jet fuel and renewable diesel plant

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Form Type
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Rhea-AI Filing Summary

Petróleo Brasileiro S.A. – Petrobras has approved the Final Investment Decision for the RPBC Biorefining project, a new dedicated plant for bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery in Cubatão, São Paulo, with an estimated investment of approximately US$ 1.2 billion.

The plant is planned to produce up to 15,000 barrels per day of renewable fuels, with construction expected to begin by the end of 2026 and start-up scheduled for 2030, as part of the company’s 2026–2030 Business Plan.

The project supports Petrobras’ goal of leading a just energy transition in Brazil and is aligned with aviation sector commitments under CORSIA and Brazil’s Future Fuel Law.

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Insights

Petrobras commits about US$ 1.2B to a new renewable fuels plant under its 2026–2030 plan.

The company’s board approved a Final Investment Decision for a biorefining project at the Presidente Bernardes Refinery, targeting bio-jet fuel and renewable diesel. The estimated investment is approximately US$ 1.2 billion, with capacity of up to 15,000 barrels per day of renewable fuels.

This project is embedded in Petrobras’ 2026–2030 Business Plan and is framed as part of a “just energy transition” strategy. It is also positioned to help meet aviation sector commitments under CORSIA and Brazil’s Future Fuel Law, linking future demand to regulatory frameworks.

Construction is expected to begin by the end of 2026 and start-up is scheduled for 2030, implying a long development horizon before potential returns. Capital deployment, execution progress and any updates in future plan revisions will be key to understanding how this initiative fits within Petrobras’ broader portfolio.

Estimated investment US$ 1.2 billion RPBC Biorefining project capex
Renewable fuels capacity 15,000 barrels per day Planned RPBC plant capacity
Construction start target End of 2026 Expected start of construction
Plant start-up 2030 Scheduled operational start
Business Plan period 2026–2030 Project included in Petrobras plan
Final Investment Decision (FID) financial
"approved the Final Investment Decision (FID) for the RPBC Biorefining project"
A final investment decision (FID) is the point when a company or investor commits to proceeding with a project or purchase after reviewing all relevant information and options. It is like deciding to buy a house after careful consideration, signaling that plans are now set in motion. This decision is important because it marks the official start of spending significant money and resources on the project.
bio-jet fuel technical
"implementation of a dedicated plant for the production of bio-jet fuel and renewable diesel"
renewable diesel technical
"plant for the production of bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery"
Renewable diesel is a liquid fuel made from plant oils, animal fats, or other biological feedstocks that is processed into a chemically similar form to petroleum diesel so it can be used in existing engines, pipelines and fuel stations. Investors care because it often sells at a premium, benefits from government incentives or carbon-credit programs, and can change demand for traditional refining capacity and feedstock markets, affecting company revenues and margins.
CORSIA regulatory
"to comply with the CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) regulation"
CORSIA is a global aviation program that requires airlines to counteract the growth of their carbon emissions by buying carbon credits or cutting emissions, similar to balancing a household’s carbon ledger when spending more than a set allowance. It matters to investors because it creates new operating costs, affects airline profitability and fleet decisions, and can shift demand toward cleaner technologies and fuel suppliers, altering long-term risk and opportunity in the industry.
Future Fuel Law regulatory
"Brazil’s Future Fuel Law (Law No. 14,993/2024)"

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FAQ

What did Petrobras (PBR) announce in this June 2026 Form 6-K?
Petrobras announced board approval of the Final Investment Decision for the RPBC Biorefining project. The company plans a new plant at its Presidente Bernardes Refinery to produce bio-jet fuel and renewable diesel as part of its 2026–2030 Business Plan.

How much will Petrobras invest in the new RPBC renewable fuels plant?
Petrobras plans an estimated investment of approximately US$ 1.2 billion in the RPBC Biorefining project. This capital will fund a dedicated plant for producing bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery in Cubatão, São Paulo state.

What is the planned production capacity of Petrobras’ new biorefining plant?
The RPBC Biorefining plant is expected to have capacity of up to 15,000 barrels per day of renewable fuels. These volumes will include both bio-jet fuel and renewable diesel, targeting demand linked to aviation and low-carbon fuel markets once operations begin.

When will construction and start-up of Petrobras’ RPBC Biorefining project occur?
Construction of the RPBC Biorefining project is expected to begin by the end of 2026. Petrobras currently schedules plant start-up for 2030, indicating several years of development, contracting, and execution before renewable fuel production comes online.

How does Petrobras’ RPBC Biorefining project support its energy transition strategy?
The project is described as aligned with Petrobras’ commitment to lead a just energy transition in Brazil. By producing bio-jet fuel and renewable diesel, it supports global aviation sector compliance with CORSIA and Brazil’s Future Fuel Law on low-carbon fuels.

Where will Petrobras’ new renewable diesel and bio-jet fuel plant be located?
The new biorefining plant will be installed at the Presidente Bernardes Refinery (RPBC) in Cubatão, São Paulo state. This integrates renewable fuels production within Petrobras’ existing refining infrastructure while focusing on aviation and renewable diesel markets.

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

 

For the month of June, 2026

 

Commission File Number 1-15106

 

 

PETRÓLEO BRASILEIRO S.A. – PETROBRAS

(Exact name of registrant as specified in its charter)

 

Brazilian Petroleum Corporation – PETROBRAS

(Translation of Registrant's name into English)

 

Avenida Henrique Valadares, 28 – 9th floor 
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

 

 

 
 

 

Petrobras approves investment in bio-jet fuel and renewable diesel plant at RPBC

—

Rio de Janeiro, June 19, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors today approved the Final Investment Decision (FID) for the RPBC Biorefining project, which provides for the implementation of a dedicated plant for the production of bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery (RPBC), located in Cubatão (São Paulo state), with an estimated investment of approximately US$ 1.2 billion.

 

With this approval, Petrobras will move forward to the final phase of contracting and execution of agreements, with construction works expected to begin by the end of 2026. The project is included in the company’s Business Plan 2026–2030 and, considering financing conditions, has been incorporated into the Base Implementation Portfolio.

 

The plant will have a production capacity of up to 15,000 barrels per day (bpd) of renewable fuels (bio-jet fuel and renewable diesel), with start-up scheduled for 2030.

 

The project is aligned with Petrobras’ commitment to lead a just energy transition in Brazil and with the global commitments of the aviation sector to comply with the CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation) regulation and Brazil’s Future Fuel Law (Law No. 14,993/2024).

 

 

 

 

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations

Email: petroinvest@petrobras.com.br/acionistas@petrobras.com.br

Av. Henrique Valadares, 28 – 9th floor – 20231-030 – Rio de Janeiro, RJ.

Tel.: 55 (21) 3224-1510/9947

 

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.

 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 19, 2026

 

PETRÓLEO BRASILEIRO S.A–PETROBRAS

By: /s/ Fernando Sabbi Melgarejo

______________________________

Fernando Sabbi Melgarejo

Chief Financial Officer and Investor Relations Officer

 

 

Source: View Original Filing on SEC EDGAR