Brazilian mining company Vale announced that it had signed a protocol of intent with Petrobras, a state-owned Brazilian multinational corporation in the petroleum industry, to develop low-carbon emission solutions.

The partnership will be for two years and they will jointly evaluate the decarbonization opportunities, including sustainable fuel, carbon capture, and storage technologies.

Besides, the agreements also potentially included that low-carbon emission fuels produced by Petrobras will be provided for Vale’s operation.