Petrobras idles fertilizer plant

Published by Nicholas Woodroof, Editor
World Fertilizer, Wednesday, 15 January 2020 14:00

Reuters is reporting that Petrobras is to idle a fertilizer plant in the Brazilian state of Paraná because it has been consistently losing money since its acquisition in 2013.

Petrobras said it has been trying to sell the nitrogen fertilizer unit unsuccessfully for more than two years, adding it will fire its 396 employees as a result of the decision. In the 9 months ending in September 2019, Petrobras said the subsidiary had lost 250 million reais (US$60.4 million).

Read the article online at: https://www.worldfertilizer.com/nitrogen/15012020/petrobras-idles-fertilizer-plant/

Omani fertilizer company Omifco makes an initial public offering

Thursday 04 June 2026 09:00

Omani urea and ammonia producer Omifco aims to float 25% of its existing shares on the Muscat exchange through an initial public offering (IPO), according to Argus Media’s findings.

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