Petrobras and CSN to Build Low-Carbon Hydrogen Plant in Brazil

Zacks12-24 02:44

Petrobras S.A. PBR, the Brazilian state-owned energy company, has signed a Protocol of Intent with Companhia Siderúrgica Nacional (“CSN”) and CSN Inova Soluções to develop a low-carbon hydrogen plant ...

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The agreement, which marks the beginning of a business partnership between the companies, is aimed at building a commercially viable low-carbon hydrogen plant in Paraná, Brazil.Both CSN and Petrobras aim to decarbonize their operations through this initiative. Notably, Petrobras' move aligns with its Strategic Plan 2050 and Business Plan 2025-2029. Signing the Protocol of Intent shows PBR’s commitment to lowering its carbon emissions from operations and increasing the availability of sustainable products. Petrobras’ Strategic Plan 2050 and Business Plan 2025-2029 mention the company’s long-term vision to become a leader in driving fair energy transition.Nine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. The company ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PBR":"巴西石油公司","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0265266980.USD":"法巴巴西股票基金","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4588":"碎股","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","LU0651947912.USD":"BGF EMERGING MARKETS EQUITY INCOME \"A5G\" (USD) INC","LU0106259046.USD":"施罗德拉丁美洲基金","BK4179":"石油天然气设备与服务","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0072463663.USD":"Blackrock Latin American A2 USD","BK4096":"电气部件与设备","NINE":"Nine Energy Service Inc.","LU1051768304.USD":"贝莱德新兴市场股票收益A6","FCEL":"燃料电池能源","BK4548":"巴美列捷福持仓","BK4541":"氢能源","BK4006":"钢铁","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","BK4201":"综合性石油与天然气企业","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","BGSX":"Build Acquisition Corp","FTI":"德希尼布FMC","LU0572108347.SGD":"Blackrock Latin American A2 SGD-H","LU0788109048.HKD":"BGF LATIN AMERICAN \"A2\" (HKDHGD) ACC","LU1051769294.HKD":"BGF EMERGING MARKETS EQUITY INCOME \"A6\"(HKDHDG) INC","SID":"巴西国家黑色冶金","BK4585":"ETF&股票定投概念"},"translate_title":"巴西国家石油公司和CSN将在巴西建设低碳氢工厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBR":1,"NINE":1,"BGSX":1,"FCEL":1,"FTI":1,"SID":0.9},"content_text":"Petrobras S.A. PBR, the Brazilian state-owned energy company, has signed a Protocol of Intent with Companhia Siderúrgica Nacional (“CSN”) and CSN Inova Soluções to develop a low-carbon hydrogen plant in Brazil. The agreement, which marks the beginning of a business partnership between the companies, is aimed at building a commercially viable low-carbon hydrogen plant in Paraná, Brazil.\nLow-carbon hydrogen can be used for various industrial processes and as a clean fuel. It can help reduce the carbon footprint of several industrial processes. The hydrogen would be obtained by electrolysis, which involves splitting water into hydrogen and oxygen using electricity. The electricity used in the process shall be obtained from renewable sources. However, Petrobras has not specified the renewable energy sources that would be used to power the production process.\nBoth CSN and Petrobras aim to decarbonize their operations through this initiative. Notably, Petrobras' move aligns with its Strategic Plan 2050 and Business Plan 2025-2029. Signing the Protocol of Intent shows PBR’s commitment to lowering its carbon emissions from operations and increasing the availability of sustainable products. Petrobras’ Strategic Plan 2050 and Business Plan 2025-2029 mention the company’s long-term vision to become a leader in driving fair energy transition.\nPBR’s Zacks Rank and Key Picks\nCurrently, PBR carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks from the energy sector are FuelCell Energy FCEL, TechnipFMC plc FTI and Nine Energy Service NINE, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nFuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources, such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.\nTechnipFMC is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. The company’s total backlog witnessed a high of $14.7 million in the third quarter of 2024, indicating an 11.1% increase from the previous year’s level. This growing backlog ensures strong revenue growth for FTI.\nNine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. The company operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With a sustained demand for oil and gas in the future, the need for NINE’s services is anticipated to increase, which should position the company for growth in the long run.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPetroleo Brasileiro S.A.- Petrobras (PBR) : Free Stock Analysis Report\nTechnipFMC plc (FTI) : Free Stock Analysis Report\nFuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report\nNine Energy Service, Inc. (NINE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493977697"}