--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20220504-acron-has-lost-its-petrobras-deal/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # Acron has lost its Petrobras deal Publication Date: 2022-05-04T15:00:28-04:00 Last Updated: 2022-05-03T11:58:54-04:00 Author: Dmitry Savinsky (https://www.fertilizerdaily.com/author/dsavinsky/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/), [Trade & Policy](https://www.fertilizerdaily.com/trade-and-policy/) ![Acron has lost its Petrobras deal](https://www.fertilizerdaily.com/wp-content/uploads/2022/05/consulting-ga305f39f0_1920.jpg) The Brazilian government didn't agree with the proposed conditions. The Brazilian oil and gas company Petroleo Brasileiro (Petrobras) has announced that the deal on the sale of its Nitrogen Fertilizer Unit III to Acron Group will not take place. Petrobras says that the Brazilian government has not approved the business plan proposed by Acron Group. Petrobras and Acron Group held the first negotiations on the purchase of Nitrogen Fertilizer Unit III in 2018. Then they were suspended and resumed only last year. The Nitrogen Fertilizer Unit III has been under construction since 2011 and is currently completed by 80%. The plant’s capacity is 800 thousand tons of ammonia and 1.3 million tons of carbamide per year. Tags: [Acron Group](https://www.fertilizerdaily.com/tag/acron-group/), [Brazil](https://www.fertilizerdaily.com/tag/brazil/), [nitrogen fertilizer](https://www.fertilizerdaily.com/tag/nitrogen-fertilizer/), [Petrobras](https://www.fertilizerdaily.com/tag/petrobras/) --- **About Fertilizer Daily:** Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales. We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.