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11/09/2017 - 16:48hs

Petrobras sells off fertilizer plants

The company said the sale of one unit in the state of Mato Grosso do Sul and one in Paraná is now underway as part of its divestment plan.

Rio de Janeiro – Brazil’s state-run oil company Petrobras said this Monday (11) that the sale of its Fertilizer Unit-III (UFN-III), in Três Lagoas, Mato Grosso do Sul, and of company Araucária Nitrogenados S.A. (Ansa), in Araucária, Paraná is now underway. The sales are part of its plan to sell off all its assets in the fertilizer business. The units will be sold as a package.

Construction of the Três Lagoas plant was halted in December 2014 after 80.95% of the facilities were completed. The UFN-III will employ processed natural gas for raw material, with average consumption expected to reach 2.2 million cubic meters per da.

The Ansa, established in 1982 and a wholly-owned Petrobras subsidiary since 2013, has the capacity to make 1,303 tons per day of ammonia and 1,975 tons per day of urea, using asphalt residue. Ammonia and urea are used as inputs by the chemical and fertilizer industries.

*Translated by Gabriel Pomerancblum

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