Vale and Petrobras have signed a two-year memorandum of understanding

Vale and Petrobras from Brazil have inked a two-year memorandum of understanding, with the aim of collaborating on the development of eco-friendly emission reduction solutions. Under this partnership, they will assess various decarbonization possibilities, such as sustainable fuels and technologies for carbon capture and storage.

Additionally, the agreements could encompass the supply of low-carbon emission fuels produced by Petrobras to support Vale's operations.