Petrobras starts binding phase of BSBios

April 27, 2020

Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on January 23 , 2020, informs that its wholly-owned subsidiary Petrobras Biocombustível
S.A. (PBio), on its behalf and representing its partner RP Biocombustível Ltda, is initiating the binding phase of the competitive process regarding the joint sale of all shares issued by BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (BSBios).

Qualified parties for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for due diligence and submission of binding proposals.

This disclosure is in accordance with the guidelines for the divestiture of Petrobras and PBio and with the special regime for the divestiture of assets by federal mixed-capital companies, provided for in Decree 9,188/2017.

This transaction is in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at maximizing value for our shareholders.

About BSBios
BSBios owns two biodiesel plants:
i) Passo Fundo Biodiesel Plant, located in the city of Passo Fundo, in the state of Rio Grande do Sul, with a production capacity of 414,000 m³/year, a crushing capacity of 1,152,000 tons/year and a storage capacity of 120,000 tons of grains, 60,000 tons of bran and 7,500 m³ of biodiesel; and
ii) Marialva Biodiesel Plant, located in the city of Marialva, state of Paraná, with a production capacity of 414,000 m³/year and a storage capacity of 3,000 m³ of vegetable oil, 1,500 m³ of animal fat and 4,500 m³ of biodiesel.

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