As reported by Reuters, Brazil’s state-run oil company Petrobras has reached a deal to sell the fertilizer plant UFN3 to Russia’s Acron Group.
The signing of the agreement depends on Petrobras and government approvals.
Brazil’s Agriculture Minister Tereza Cristina Dias announced the sale, saying she was briefed by Petrobras Chief Executive Joaquim Silva e Luna and Mining and Energy Minister Bento Albuquerque on the deal for the plant, which has been up for sale since 2017.
The designed capacity of the UFN III plant, also known as Nitrogen Fertilizer Unit III, is 800 000 tpy of ammonia and 1.3 million tpy of carbamide.