Petrobras records peak refinery usage at 95% in May, highest since 2015

Brazilian state-run company, Petrobras, announced this week that its refineries hit a 95% processing capacity milestone in May.

This figure represents the highest monthly achievement recorded since July 2015. Notably, the Total Utilization Factor (FUT) surged to 99% on several days in the second half of May.

These impressive figures were achieved despite scheduled maintenance shutdowns at four of Petrobras’ facilities: RPBC (Cubatão, SP), Refap (Canoas, RS), Reduc (Duque de Caxias, RJ), and Replan (Paulínia, SP).

The FUT in the context of oil refining reflects the actual processed cargo volume relative to the reference cargo, i.e., the operational capacity of the refineries.

This calculation adheres to various constraints, including equipment design limits, safety protocols, environmental and product quality standards, and the economic feasibility of production decisions.

Petrobras has also invested heavily in modernization efforts and projects at its facilities, earmarking R$1.1 billion for RPBC and Refap refineries.

Contracts have additionally been signed to expand and modernize the Abreu e Lima (PE) and Riograndense (RS) refineries.

“We are making strides to continually enhance our derivatives, upgrade the refineries, and minimize the environmental impact of our operations while maintaining optimal safety,” stated William França, Petrobras’ director of industrial processes and products.

França further elaborated that a significant proportion of these investments are geared towards advancing the decarbonization of processes.

In an era marked by increased attention to energy efficiency and environmental concerns, Petrobras’ recent performance in refinery utilization is a significant achievement.

The 95% processing capacity realized in May underlines the company’s commitment to optimizing its operations, achieving economic rationality, and respecting environmental safety standards.

Moreover, the company’s investments in refinery modernization and expansion efforts denote a forward-looking strategy.

By dedicating significant capital to upgrade the RPBC and Refap refineries and planning expansion for Abreu e Lima (PE) and Riograndense (RS), Petrobras demonstrates its determination to secure a strong foothold in a competitive market.

The emphasis on improving safety standards and reducing environmental impacts reflects Petrobras’ corporate social responsibility.

By investing in the decarbonization of its processes, Petrobras is not only adhering to global standards but also playing its part in mitigating the impacts of climate change.

The company’s successful performance despite scheduled maintenance shutdowns showcases its ability to adapt and maintain operational efficiency.

In doing so, Petrobras continues to exhibit resilience, flexibility, and effective management.

Petrobras’ investments and commitment to environmental sustainability will be crucial as the global energy sector continues to shift towards more sustainable sources.

These efforts will likely have far-reaching impacts, influencing the company’s future growth and the broader global push towards cleaner energy sources.

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