Petrobras has initiated a R$ 6 billion project to convert the Riograndense Refinery in Rio Grande, Rio Grande do Sul, into Brazil’s pioneering biorrefinery focused on producing fuels and petrochemical inputs solely from renewable feedstocks. Complementing this, the company also embarked on a R$ 2.8 billion investment program to renew and expand its maritime logistics fleet, signaling an integrated strategy toward energy transition and operational efficiency.