Petrobras partners with Yara to boost fertilizer production in Brazil, aiming to reduce emissions.

From NASDAQ: 2024-11-26 06:46:00

Petrobras S.A. has signed partnership agreements with Yara International and ANSA, aiming to impact the fertilizer and industrial products segments. The agreements include commercial production of ARLA 32 and technical cooperation for further studies on fertilizer and industrial product development. This move will boost national production and aim to reduce emissions.

Petrobras announced a $150.8 million investment to restart the ANSA facility in Paraná, set to resume operations by May 2025. This effort will enhance domestic fertilizer supply and agricultural productivity in Brazil. The company currently holds a Zacks Rank #3 (Hold) in the energy sector.

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Read more at NASDAQ: Petrobras-Yara Partner to Revive Fertilizer Production in Brazil