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PetroBras
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January 2024 Deep Dive Presentation
| Sergio Caetano Leite | Page 107 of 11 |
April 29, 2024
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"January 2024 Deep Dive Presentation"
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Biorefining dedicated plants add value to the refining park with more efficient processes and new products, towards a low-carbon market — • Growing demand for renewable fuels due to international and Brazilian goals • Public policies in the USA and Europe have favored 100% drop-in products (SAF and HVO) over biodiesel, resulting in higher unit margins 376 SAF of Tallow 183 Tallow 193 2023 average price in US$/bbl 328 232 HVO Biodiesel of Soybean Oil 194 Soybean oil 134 38 114 Diesel 83 Brent 31 2 2 1 1 1 1