PETROBRAS, FINDES, AND GOVERNMENT OF ESPÍRITO SANTO SIGNED PROTOCOL FOR CCUS AND LOW-CARBON HYDROGEN PRODUCTION

Petrobras has signed a protocol of intentions with the State Government and Federação das Indústrias do Espírito Santo (Findes) to study CCUS and low-carbon hydrogen projects. One of the goals is to assess the feasibility of implementing a CCUS HUB and facilities to produce low-carbon hydrogen for decarbonizing the state’s industries.

Espírito Santo has significant industrial sectors, and Petrobras has infrastructure in the state that can be leveraged for CCUS projects and extensive geological knowledge of the region's basin. There are initial plans to install CO2 handling equipment in areas near the Espírito Santo coast and offshore to reach storage reservoirs. Petrobras will be responsible for investments in pipelines, compression stations, wells for CO2 storage, and eventually for the operation of this Hub.

The state aims to be Net Zero in emissions by 2050, as detailed in the Decarbonization Plan launched in 2024. The CCUS solution is among the strategies ES will pursue to achieve this goal. Petrobras already has partnerships with local companies to facilitate CCUS projects. The dialogue between the private and public sectors is part of the efforts to find decarbonization solutions essential for a just energy transition.