Petrobras and Vale Sign Diesel S10 Supply Deal With Path to Lower-Carbon Fuels
The pact advances Petrobras' direct-sales push to large customers, opening a route to commercialize lower-carbon diesel options.
Overview
- The contract covers Vale's operations in Minas Gerais and supplies S10 diesel containing the 15% biodiesel blend required by Brazilian regulation.
- The agreement creates a framework to develop and potentially trade Diesel R with added renewable content as well as HVO.
- Petrobras characterizes the deal as a move to work directly with major end users to refine logistics and help clients meet decarbonization goals.
- Company president Magda Chambriard said the arrangement improves logistics and strengthens Petrobras' presence with internationally relevant clients.
- The partnership builds on joint work since 2023, including 2024 tests of Diesel R5 and a marine bunker fuel with roughly 24% renewable content.