The nitrogen fertilizer unit has been consistently losing Petrobras money since its acquisition in 2013.
The facility will have a production capacity of approximately 1.3 million tpy of ammonia and produce nitrogen-based fertilizers.
The report is still in a draft stage and the company plans to finalise the report before the end for 1Q20.
More Nitrogen news
The company recorded a net loss of US$23 million, or US$0.20 per common unit, on net sales of US$89 million for 3Q19, compared to a net loss of US$13 million, or US$0.12 per common unit, on net sales of US$80 million for 3Q18.
The company's total fertilizer production in 3Q19 increased by 15.2% y/y to 2460.4 kt. Fertilizer output for 9M19 grew by 7.2% y/y to 7162.0 kt.
The Group will supply over 100 000 t of ammonium nitrate and NPK to the Bryansk, Orel and Novgorod regional departments of agriculture for 2020.
ADNOC and OCI are seeking to make Fertiglobe the largest export-focused nitrogen fertilizer platform globally, and the largest producer in the MENA region.