Petrobras to carry out environmental improvement projects

Thursday, October 20, 2011

Brazil's state-run energy giant Petrobras (NYSE: PBR) has committed to carrying out environmental improvement projects covering areas in and around its Comperj petrochemical complex and Duque de Caixas refinery, both in Rio de Janeiro state.

For Comperj, the firm signed a 10-year, 100mn-real (US$56mn) revegetation agreement covering some 4,584ha as part of the environmental license granted for the complex by state environment agency Inea. "It is a milestone in the history of environmental agreements," said director Paulo Roberto Costa.

Petrobras will also carry out a 1bn-real environmental program in areas surrounding its Duque de Caixas refinery which involves 24 projects aimed at reducing the emission of atmospheric pollutants and improving wastewater treatment.

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Projects include construction of a wastewater treatment plant on the Irajá river, flood prevention works in the Campos Elíseos region, transporting recyclable material to recycling cooperatives in the neighborhood of Gramacho, and an agreement to purchase biogas from Rio's Jardim Gramacho landfill.