Petrobras S.A., the Brazilian state-owned energy company, has signed a Protocol of Intent with Companhia Siderúrgica Nacional (“CSN”) and CSN Inova Soluções to collaborate on the development of a low-carbon hydrogen plant in Paraná, Brazil. This agreement is part of a business partnership aimed at building a commercially viable plant that can produce low-carbon hydrogen for various industrial processes and as a clean fuel. The hydrogen will be obtained through electrolysis, a process that splits water into hydrogen and oxygen using electricity, with the electricity sourced from renewable sources. The initiative is in line with Petrobras' goal to decarbonize its operations as outlined in Strategic Plan 2050 and Business Plan 2025-2029. By signing this agreement, Petrobras demonstrates its commitment to reducing carbon emissions and promoting sustainable products. The company envisions becoming a leader in driving fair energy transition in the long term. In addition to Petrobras, other companies in the energy sector like FuelCell Energy, TechnipFMC, and Nine Energy Service are recognized for their positive contributions to clean energy and sustainability. FuelCell Energy specializes in low-carbon energy solutions, while TechnipFMC offers integrated technology solutions for the energy industry, and Nine Energy Service provides completion and production services for oil and gas resource development. Overall, the agreement between Petrobras, CSN, and CSN Inova Soluções marks a significant step towards reducing carbon footprint and advancing sustainable practices in Brazil's energy sector. The focus on low-carbon hydrogen production, powered by renewable sources, showcases a positive shift towards cleaner energy alternatives.