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Petrobras Utilizes Cardano Blockchain for Tracking Sustainable Fuels
Petrobras, Brazil's state-controlled energy company, is conducting tests using the Cardano blockchain to enhance the tracking of low-carbon fuels. The Cardano Foundation announced two research initiatives aimed at sustainable aviation fuel and Diesel R, a renewable diesel produced from materials such as vegetable oils and animal fats. These projects are designed to improve transparency and traceability in the production and distribution of these fuels.
The sustainable aviation fuel project employs a book-and-claim model, allowing airlines to purchase environmental benefits associated with sustainable fuel, even if the fuel is used elsewhere. This model necessitates accurate recording of benefit attribution and claiming time to prevent double counting of emissions reductions. The application will track the source, recipient, and claiming time of each benefit, enabling passengers to calculate their fuel benefits based on their travel routes and receive certificates linking them to the original fuel certificates.
The Diesel R initiative focuses on documenting the entire lifecycle of the fuel, from production to transportation and usage, thereby assisting companies in reporting their Scope 3 emissions. Frederik Gregaard, CEO of the Cardano Foundation, highlighted Brazil's commitment to adopting Cardano technology across various sectors, including government and industry, noting Petrobras's emphasis on on-chain traceability and transparency. He also mentioned the growing institutional interest in Cardano, particularly with recent developments such as the x402 landing on the platform.
Source: KLEA News