Petrobras Advances Decarbonization with Brentech Stake Sale

Petroleo Brasileiro SA- Petrobras (PBR) has released an update.

Petrobras has finalized the sale of its 30% stake in Brentech Energia S.A. to Enegen Participações Ltda, aligning with its commitment to decarbonization by shedding assets like Goiânia II UTE, a diesel-powered thermal plant. This R$10.6 million deal is part of Petrobras’ strategic pivot towards a lower carbon footprint and more efficient natural gas operations, marking a step forward in optimizing its energy portfolio.

For further insights into PBR stock, check out TipRanks’ Stock Analysis page.