MOSCOW (MRC) -- Petrobras’ refining units reached a Total Utilization Factor (FUT) of 97.3% in August, the best result since December 2014, said the company.
Total diesel production for the month was 3.78 billion liters, the highest in 2023. Production of S10 diesel, a more modern, sustainable and low-sulfur product, reached 2.37 billion liters in the same period. Spotlight for the record monthly production of S10 achieved at the Alberto Pasqualini Refinery (REFAP), with 258 million liters; at the President Bernardes Refinery (RPBC), which achieved 329 million liters; and at the Paulinia Refinery (REPLAN), where the 609 million liter landmark was achieved.
The results are important for damping price volatility in the foreign market. According to Petrobras' Director of Sales, Logistics and Markets, Claudio Schlosser, “the S10 diesel production increase in our refineries contributes to our commercial strategy, which provides for the practice of competitive prices in a profitable and sustainable way”, he celebrates.
According to Petrobras’ Director of Industrial Processes and Products, William Franca, the landmark achieved is the result of the reliability and quality of Petrobras’ operations. “The optimization of our processes is allowing us to expand production in our units and offer derivatives with profitability in the domestic market”, he says.
Petrobras’ refineries have been achieving successive records in FUT since May of this year. The calculation of the refining utilization factor takes into account the volume of oil processed and the reference capacity of the refineries, within the design limits of the assets, the safety, environmental and quality requirements of the derivatives produced.
We remind, Petrobras remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks. Petrobras on Monday announced a memorandum of understanding with Mubadala for potential investment in a biofuel refinery under development in Bahia state by Mubadala-owned Acelen.