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Petrobras and Vale Partner to Supply Renewable Content Fuel

Oct 19, 2024•over 1 year ago

Contract Type

partnership

Rio de JaneiroEnergyOil And Gas

Description

Petrobras has entered into a partnership with Vale to supply diesel with renewable content, marking a significant step towards decarbonization for Vale and an expansion of Petrobras' market for sustainable fuels. The agreement will begin with the supply of diesel with renewable content for Vale's trucks and locomotives, and might later include marine fuel with 24% renewable content and natural gas.

Company Information

Company

Petrobras

Location

Rio de Janeiro, Brazil

About

Petrobras is a Brazilian state-run oil company and one of the largest in the world, with operations in exploration, production, refining, and distribution of oil and gas.

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Predictive Intelligence
Strategic

ML-powered predictions for Petrobras's next move

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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