Petrobras is going ahead with several projects in oil and gas while demand remains high. Brazil’s oil major could expand to offer greener diesel and biofuels, supporting the decarbonization of transportation with an aim to cut emissions. Petrobras hopes to start testing renewable diesel, made from co-processed soybean oils, with customers from as early as January. With Brazilian oil demand set to continue, Petrobras is making big plans for oil and gas as well as testing the water with greener fuels, although it is not yet investing in other renewables such as solar or wind power. As several countries move away from fossil fuel production towards renewable alternatives, many will have to import oil and gas to bridge the gap during the transition period. Meanwhile, the Energy Information Administration predicts that Brazil’s consumption of crude will rise 34 percent over the next three decades. Petrobras exported around 27 percent […]