Petrobras
Focus placed on local production, sustainability, and reducing import reliance.
New alliances focus on unconventional oil, biofuels, and domestic fertilizer production.
Investment in UFN-III plant poised to strengthen local supply and reduce reliance on imports.
Plans include revitalizing the Araucária Nitrogenados plant to increase national fertilizer production.
Unigel calls Petrobras’ actions abusive amid stalled negotiations and financial strain.
The decision aligns with strategic investments in fertilizer production under the company’s latest plan.
Yara said its Brazilian subsidiary has signed an MoU with the state-run oil company Petrobras.
Petrobras said it has inked a deal with Unigel for the toll manufacturing of fertilizers at the latter’s Sergipe and Bahia plants.
The proposed ammonia and urea facility would cost $2.5bn and produce 4,200 tonnes of fertilizer per day.
The parties are discussing the development of fertilizers and green hydrogen.
The Brazilian government didn’t agree with the proposed conditions.
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