financetom
Business
financetom
/
Business
/
Brazil's Petrobras set to supply 20% of country's demand for nitrogen fertilizers in 2026
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brazil's Petrobras set to supply 20% of country's demand for nitrogen fertilizers in 2026
Oct 9, 2025 3:12 PM

SAO PAULO/RIO DE JANEIRO, Oct 9 (Reuters) - Brazilian

state-run oil company Petrobras will be able to

deliver about 20% of the country's total demand for nitrogen

fertilizers next year as it restarts operations at three local

plants, CEO Magda Chambriard said on Thursday.

Petrobras' Bahia and Sergipe plants, both in Brazil's

northeastern region, are expected to supply 5% and 7%,

respectively, of the national urea market, according to the

company's strategic plan.

Meanwhile, its unit in Parana state, in southern Brazil,

has already resumed operations, and aims to supply 8% of the

country's urea demand. All three plants were previously offline.

During an event in Bahia state, Chambriard also

highlighted that the company is working to resume operations at

a nitrogen fertilizer plant in Mato Grosso do Sul state. The

unit would be expected to account for 15% of total demand.

"This plant is already being contracted, the

construction will be completed, and once it's ready, we will be

capable of delivering 35% of all the nitrogen fertilizer Brazil

needs," the executive said.

The renewed investment in the fertilizer sector aligns

with President Luiz Inacio Lula da Silva's goals, as he has

advocated for the firm to resume investing in the industry.

Brazil is heavily dependent on fertilizer imports.

"With the public policies issued by the federal

government and with our shareholders, we are aware of Petrobras'

strategic role," Chambriard said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alphabet plans massive capex hike, reports cloud revenue growth slowed
Alphabet plans massive capex hike, reports cloud revenue growth slowed
Feb 4, 2025
(Reuters) -Alphabet said on Tuesday it will spend $75 billion on its AI buildout this year, 29% more than Wall Street expected, and investors signaled disappointment at a missed cloud revenue target and began showing impatience over profitability. Shares of the Google parent fell 9% in extended trading. Alphabet has gained about 9% so far this year. Wall Street had...
Walmart to cut roles, shut office in North Carolina, memo says
Walmart to cut roles, shut office in North Carolina, memo says
Feb 4, 2025
NEW YORK, Feb 4 (Reuters) - Walmart ( WMT ) on Tuesday said it is eliminating some roles and closing its office in North Carolina, as part of its move to relocate employees to its main hubs in California and Arkansas, according to an internal memo seen by Reuters. The company is also asking office-based employees in Hoboken, New Jersey...
Simon Property beats estimates for quarterly funds from operations
Simon Property beats estimates for quarterly funds from operations
Feb 4, 2025
(Reuters) - Commercial real estate investment trust Simon Property Group ( SPG ) beat market expectations for fourth-quarter funds from operations on Tuesday, as leasing demand remained steady for its U.S. malls and premium outlets. The company saw revenue growth across its businesses while maintaining cost discipline, and said it plans to open premium outlets in Jakarta, Indonesia in March....
US FAA says agency will continue to take part in aviation safety meetings
US FAA says agency will continue to take part in aviation safety meetings
Feb 4, 2025
WASHINGTON,Feb 4 (Reuters) - The Federal Aviation Administration said on Tuesday that the agency will continue to attend meetings and engage with airlines on safety issues after an employee told air carriers that officials would not participate. Airlines were notified on Tuesday by an FAA employee that agency employees would not take part in safety-related committee meetings, including on next-generation...
Copyright 2023-2026 - www.financetom.com All Rights Reserved