Petrobras to meet 20% of the country's nitrogen fertilizer demand in 2026

Magda Chambriard, CEO of Petrobras, said that the company will be able meet about 20% percent of the total nitrogen fertilizer demand in Brazil next year once it restarts its operations at three plants.

According to Petrobras' strategic plan, the Bahia plant and the Sergipe plant, located in Brazil's northeastern area, will supply 5% of the national market for urea, and 7% respectively.

The unit in Parana, in the southern part of Brazil, has resumed operation and is aiming to meet 8% of Brazil's urea needs. The three plants had previously been offline.

Chambriard, at an event in Bahia, also revealed that it is working on a plan to restart operations in a nitrogen fertiliser plant in Mato Grosso do Sul. This unit is expected to represent 15% of the total demand.

The executive stated that "this plant has already been contracted and the construction will be finished. Once it is ready, we will have the ability to deliver 35% of the nitrogen fertilizer Brazil requires."

The President Luiz inacio Lula da So's goal of reinvesting in the fertilizer industry is aligned with the renewed investment. He has urged the company to invest in this sector. Brazil is heavily reliant on fertilizer imports.

Chambriard stated that "we are aware of Petrobras strategic role, both with the policies set forth by the federal government as well as our shareholders." Reporting by Roberto Samora in Sao Paulo, and Marta Nogueira from Rio de Janeiro. Writing by Fernando Cardoso. Editing by Kylie Madry.

(source: Reuters)