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Petrobras announces intention to mothball two fertilizer factories

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World Fertilizer,


According to Reuters, Petroleo Brasileiro (Petrobras) – the Brazilian state-run oil company – has announced that it will mothball two fertilizer factories towards the end of 1H18.

The units (Fafen-SE and Fafen-BA) are in Sergipe and Bahia, and reported losses of 600 million reais (US$182.63 million) and 200 million reais last year, respectively.

According to Reuters, Petrobras is looking to exit the fertilizer business.

Read the article online at: https://www.worldfertilizer.com/project-news/21032018/petrobras-announces-intention-to-mothball-two-fertilizer-factories/

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