From Nasdaq: 2025-01-17 05:33:00

Petróleo Brasileiro S.A. – Petrobras is close to finalizing a deal with Unigel to take back control of two vital fertilizer plants in Brazil. The plants were leased to Unigel in 2019 but became nonoperational due to high natural gas prices in 2023. Discussions are ongoing for a sustainable agreement.

The two companies are negotiating a new deal where Petrobras will manage the plants and Unigel will operate and maintain them for five years. The move aligns with Brazil’s goal of reducing dependence on imported fertilizers and Petrobras’ focus on integrating fertilizer production with its energy goals.

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Petrobras’ upcoming deal with Unigel highlights the company’s commitment to its fertilizer segment and aligns with Brazil’s aim for economic self-reliance and sustainable growth. The agreement signifies a strategic shift for Petrobras as it focuses on meeting domestic agricultural demands while pursuing its energy transition goals.



Read more at Nasdaq: Petrobras Nears a Deal to Regain Control of Key Fertilizer Plants