Skip to main content

Petrobras confirms exit from fertilizer industry

Published by
World Fertilizer,


Petrobras has reported that its board of directors has approved, in a meeting held 5 December 2018, the 2040 Strategic Plan and the 2019-2023 Business and Management Plan.

The strategies of the company were adjusted, defining the focus of its actions by business segment, in view of the transition toward a low-carbon economy, risks relating to the geographical concentration and commodity.

Petrobras plans to actively manage its portfolio for refining, logistics, trading and petrochemicals, integrated into the activities of national oil and gas production.

In addition, Petrobras will leave the fertilizer business, LPG distribution, biodiesel and ethanol holdings and production.

The plan foresees repositioning in refining by means of partnerships in the Northeast and South clusters, which represent 40% of the installed refining capacity in Brazil.

Read the article online at: https://www.worldfertilizer.com/special-reports/07122018/petrobras-confirms-exit-from-fertilizer-industry/

You might also like

 Stamicarbon

[WEBINAR] Stami Digital: Optimising the future of plant operations with digital insights

Stamicarbon, the innovation and licensing company of Maire Tecnimont Group, is committed to a sustainable fertilizer industry, by investing amongst others in innovative digital solutions that turn real-time plant data into meaningful information by using Stamicarbon’s know-how to enhance insights and control and drive continuous optimisation. This webinar will cover the Stami-Digital Operator Training Simulator, the Stami-Digital Process Monitor and the Stami-Digital Optimizer.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):