Unigel presses Petrobras for financial relief over halted fertilizer plants
Unigel calls Petrobras' actions abusive amid stalled negotiations and financial strain.
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.
Long negotiations with buyers ended in nothing.
Potential buyers are preparing their offers.
The Brazilian government didn't agree with the proposed conditions.
Brazilian oil and gas giant is approaching its cherished goal.
Latin America has proved to be more attractive than Russia.