Brazil's Petrobras said on Dec. 28 that its board approved the sale of two petrochemical companies, Petroquimica Suape and Citepe, to Mexico's Alpek SAB de CV for $385 million.
In a securities filing, Petrobras said the acquirers were Alpek's subsidiaries Grupo Petrotemex SA de CV and Dak Americas Exterior SL.
The deal was one of five authorized by Brazil's audit court, which asked Petrobras to temporarily suspend its asset sale program on Dec. 7.
Recommended Reading
1PointFive, AT&T Enter Carbon Removal Pact
2024-03-13 - 1PointFive said it is also participating in AT&T’s Connected Climate Initiative to collaborate on carbon removal solutions like direct air capture.
Shell Taps Bloom Energy’s SOEC Technology for Clean Hydrogen Projects
2024-03-07 - Shell and Bloom Energy’s partnership will investigate decarbonization solutions with the goal of developing large-scale, solid oxide electrolyzer systems for use at Shell’s assets.
Occidental Reports ‘Great Progress’ on Net-zero Pathway, DAC
2024-02-21 - Most of Occidental Petroleum’s planned $600 million investment in emerging low-carbon ventures for 2024 will go to direct air capture facility STRATOS, CEO Vicki Hollub says.
Ameresco Starts RNG Production at Republic Services Landfill
2024-02-20 - Located in Danville, Illinois, the RNG facility is capable of processing 2,000 standard cubic feet of gas per minute.
Markman: Want CO2 Gone Now? Well, You Don’t Always Get What You Want
2024-04-29 - A slew of scenarios shows that climate goals can be achieved with the use of fossil fuels and CCUS.