Petrobras $PETR3 (-1,25 %)
$PETR4 (-0,46 %) is interested in Bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that the company is exploring this and other Web3 applications to reduce carbon emissions.
Bitcoin mining is increasingly being considered by major oil companies worldwide. Petrobras, a Brazilian state-owned company that produces nearly 3 million barrels of crude oil, is now exploring the integration of Bitcoin mining into its processes.
The aim of this implementation would be to develop a business model capable of carrying out these operations in order to reduce the company's carbon emissions.
Marcelo Curi, Certified Architect of Blockchain & Token Economy, who is leading this process, revealed that the company is "at the center of a historic R&D process" aimed at developing business/process models with this "powerful innovative framework for the benefit of value chains/networks in the transition to low carbon".
The Petrobras group, integrated by a multidisciplinary team consisting of climate change researchers, oil explorers and crypto experts, will also explore the possibilities of blockchain, tokenization and Web3.
In addition to reducing gas emissions, this will also increase the productivity of activities on site. While Petrobras has not indicated whether the implementation of gas-vented Bitcoin mining is part of this process, it could be one of the techniques explored by company leaders during this exploration process.