Summary by Moomoo AI
On December 19, 2024, Petrobras signed a Protocol of Intent with Companhia Siderúrgica Nacional (CSN) and CSN Inova Soluções to structure a partnership for a commercial-scale low-carbon hydrogen plant in Paraná. The initiative aims to support decarbonization efforts of both companies' operations and products, aligning with Petrobras' Strategic Plan 2050 and Business Plan 2025-2029.The proposed plant will produce low-carbon hydrogen through water electrolysis using renewable electricity sources. This hydrogen can be utilized in industrial processes or as fuel. The partnership is expected to mitigate risks, strengthen corporate governance, and facilitate information, experience, and technology sharing between the companies.CSN, one of the world's largest integrated steel complexes, operates in 17 Brazilian states and several countries globally. Its assets include an integrated steel plant, industrial units, mines, a flat steel distributor, port terminals, and stakes in railroads and hydroelectric plants. The company is listed on both the São Paulo Stock Exchange and the New York Stock Exchange.
