Petróleo Brasileiro SA (Petrobras) signed a memorandum of understanding with Brazil-based mining company Vale SA for development of low-carbon solutions.
The 2-year partnership will see the companies assess joint decarbonization opportunities, including the development of sustainable fuel initiatives such as hydrogen, green methanol, biobunker, green ammonia and renewable diesel, as well as CO2 capture and storage (CCS) technologies.
The initiative also includes an assessment of potential commercial agreements for the supply of low-carbon fuels produced by Petrobras for consumption in Vale's operations.
Vale sima to reduce its absolute scope 1 and 2 emissions by 33% by 2030 and achieve neutrality by 2050.