Petrobras announces intention to mothball two fertilizer factories
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/
You might also like
The drainable mineral resource at the Mackay potash project in Western Australia has been upgraded to 123 million t of sulfate of potash, making it Australia's largest deposit of sulfate of potash.