Petrobas aiming to re-enter the bioethanol sector

The national oil and gas company of Brazil, Petrobas is aiming to return to the ethanol sector after a strategic break.
CEO Magda Chambriard has started talks with industry players such as Raízen, bp and Inpasa to explore potential joint ventures in the ethanol market. This move signals a significant shift in PBR’s focus as the company aims to position itself as a major player in the biofuels industry.
Petrobras is now targeting renewable energy, particularly ethanol, as part of its broader strategy to diversify the company’s portfolio.
This transition is part of its larger $111 billion (€105 billion) strategic plan for 2025-2029, a comprehensive roadmap that includes an emphasis on sustainable energy solutions.
By reintegrating ethanol into its business model, it aims to leverage the increasing global demand for biofuels as alternatives to fossil fuels, particularly petroleum.