Petrobras inks MoU with Mitsui to evaluate low-carbon business opportunities

The partnership involves evaluating potential opportunities for the production of sustainable hydrogen and its derivatives

Petrobras has signed a a Memorandum of Understanding (MoU) with Mitsui & Co. (Brazil) SA  to evaluate, on a non-binding basis, low-carbon business opportunities in Brazil. The signing of the agreement took place during CERAWeek in Houston. 

The partnership involves evaluating potential opportunities for the production of sustainable hydrogen and its derivatives, the use of biomethane, and CO2 capture, transport and storage (CCS). Mitsui & Co. is a global trading and investment company with a presence in more than 60 countries and a diverse business portfolio that spans a wide range of sectors.

“The agreement with Mitsui Co. (Brazil) SA seeks to identify common synergies in potential projects in low-carbon segments in Brazil. We will also explore how these synergies can open commercial opportunities in Japan, one of the largest potential markets for renewable products”, said the Drector of Energy Transition and Sustainability at Petrobras, Maurício Tolmasquim.