Yara Brasil Fertilizantes S.A. (Yara) and Petrobras have signed a non-binding MOU to explore potential business partnerships related to production and decarbonisation of local fertilizer and industrial products.
Brazil is a significant market for both agricultural and industrial applications with focus on domestic production growth and future decarbonisation. Yara is playing a leading role in tackling the food crisis and is committed to decarbonising the food value chain, essential industrial and air-quality applications, and zero-emission shipping fuel and energy solutions. To be successful, collaboration across the entire value chain is essential.
Relevant updates will be shared with the market in due course.