Petrobras to Invest in Downstream, Petrochemicals in Rio de Janeiro

Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Petrobras (Rio de Janeiro, Brazil) announced investments of 33 billion reais (about US$6 billion) in downstream and petrochemical developments in the state of Rio de Janeiro. Approximately 29 million reais (US$5.3 billion) will be spent on capital projects, while the remaining amount is allocated to another project focused on the synergy of Petrobras assets, though the company did not specify the details.

The largest project as part of these investments is the integration of the Boaventura Energy Complex and the Duque de Caxias refinery (Reduc), which can process 239,000 barrels of oil per day (BBL/d), and it will cost 26 billion reais (approximately US$ 4.8 billion). Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can click here to see related project reports.

This will include the construction of units that will help increase S-10 diesel production by 76,000 BBL/d. See project reports. Approximately 56,000 BBL/d will come from quality improvements, and the remaining 20,000 BBL/d will result from capacity expansions.

Additionally, the project also foresees an increase in aviation kerosene production by 20,000 BBL/d and group II lubricants by 12,000 BBL/d.

These developments are expected to be completed by 2028, based on Petrobras' strategic plan for 2025-2029.

At the same time, the integration project includes the construction of a dedicated bio jet fuel plant at Bonaventura with the capacity to produce 19,000 BBL/d of renewable fuels and two gas-fired power plants.

Two additional projects under study by Petrobras are the potential production of acetic acid and monoethylene glycol (MEG) from Bonaventura, as well as a lubricant re-refining project at Reduc with a capacity of 6,300 BBL/d.

In its strategic plan, Petrobras aims to increase refining capacity by 292,000 BBL/d in the next five years to reach a total capacity of 2.1 million BBL/d.

As part of that, the energy company foresees an increase in S-10 diesel production of 290,000 BBL/d, with 176,000 BBL/d coming from quality exchange and 114,000 BBL/d in additional volume, which also includes the Bonaventura complex.

S-10 diesel or ultra-low sulfur diesel is a fuel with a maximum sulfur content of 10 parts per million.

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