Fertilizer Factory in Mato Grosso do Sul now integrates Petrobras's Strategic Plan implementation portfolio
Published by Emilie Grant,
Editorial Assistant
World Fertilizer,
Petrobras' Board of Directors approved the continuity of the implementation of the Nitrogen Fertilizer Unit (UFN-III), located in Três Lagoas (MS). The decision is based on a careful revaluation of the project that, in light of the premises of the Strategic Plan 2024-2028 (PE 2024-2028), had its economic attractiveness confirmed for this phase in the different scenarios provided for in the system of approval of Petrobras investment projects, including with positive NP in the most challenging scenario.
The unit had been hibernated since 2015 and the project's revaluation process began last year, due to the approval of the company's return to the fertilizer segment, in line with the strategic guidelines approved under PE 2024-2028.
With the decision, the project becomes part of the portfolio in implementation of the current Strategic Plan and Petrobras will begin the contracting processes to resume the unit's works. The estimated investment for the completion of UFN-III is about R$ 3.5 billion and the expected start of operation is 2028.
Hiring will go through all the necessary analyses, in compliance with governance practices and applicable internal procedures. The final authorisation will still be submitted for approval by the competent authorities of Petrobras, which will allow the signing of the contracts for the resumption of the works.
"The fertilizer sector is of strategic importance for Petrobras. We are resuming investments in this segment, based on technical and economic feasibility studies, with the aim of expanding our gas market and contributing to reducing the dependence on fertilizer imports in Brazil," says Petrobras president Magda Chambriard.
According to Petrobras' director of Industrial Processes, William França, "with the increase in the supply of products generated in UFN-III and its privileged location, close to the main consumers of the Midwest, South and Southeast, we are sure of the importance of the unit for the region and the country".
Read the article online at: https://www.worldfertilizer.com/project-news/29102024/fertilizer-factory-in-mato-grosso-do-sul-now-integrates-petrobrass-strategic-plan-implementation-portfolio/
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