Brazilian state-run oil and gas giant Petrobras (BVMF:PETR4) has taken the final investment decision (FID) for a USD-1.2-billion (EUR 232m) project to build a bio-jet fuel (bioQAV) and renewable diesel production facility in the state of Sao Paulo.

Petrobras approved a one-point-two-billion-dollar plant to make bio-jet fuel and renewable diesel at its Cubatão refinery, with start-up planned for 2030.

Brazilian state-run oil and gas giant Petrobras (BVMF:PETR4) has taken the final investment decision (FID) for a USD-1.2-billion (EUR 232m) project to build a bio-jet fuel…