Petrobras Plans to Invest R$6 Billion in the Fertilizer Segment

Image source: Company press relase

Petrobras expects to invest R$6 billion in the fertilizer segment over the next five years, including projects under study. Of this total, R$870 million will be earmarked for the resumption of activities at the Araucária Nitrogenados SA (ANSA) fertilizer plant in Paraná.

The estimate is that the plant will resume operations in May 2025, in an effort to bring forward the initial forecast. The announcement was made this Thursday (15) during an event to resume operations at the unit in Paraná. According to Petrobras CEO Magda Chambriard, R$60 billion will be invested in the Brazilian refining industry, of which R$3.2 billion will be invested in the Presidente Getúlio Vargas Refinery (Repar) in the 24-28 PE period.

Chambriard added, “We will take advantage of the regionalization of our activities and their development potential for this acceleration. And we will count on the workers of the Petrobras System to represent us in Paraná. Together, we will demonstrate, at every moment, the excellence of our technical work and our commitment to Brazil”.

The plant is currently in the process of contracting services and acquiring materials, with an expected local content of over 85%. Once this stage is complete, the service and equipment maintenance contracts will be mobilized to begin operations. Located next to Repar, Ansa has a production capacity of 720,000 tons/year of urea, which corresponds to 8% of the market; 475,000 tons/year of ammonia; and 450,000 m³/year of Automotive Liquid Reducing Agent (ARLA 32).

As per the press release, following an agreement proposed by the Labor Prosecutor’s Office and approved by the Superior Labor Court (TST), 215 former employees of the factory resumed their activities. These workers had been laid off in 2020, when the factory was shut down.

They are essentially technicians specialized in the operation of the industrial plant and were rehired by the subsidiary. During the intervention to resume operations, more than 2,000 jobs will be created, including employees of Ansa and contracted companies.