Yara & Petrobras progress towards business partnership in Brazil

Yara Brasil Fertilizantes S.A. (Yara) and Petróleo Brasileiro S.A. - Petrobras have signed a non-binding Master Agreement, as next step forward in the negotiations to structure a potential business partnership, following the Memorandum of Understandings (MOU) signed on February 29, 2024.

In the next phase Yara and Petrobras will jointly finalize the analysis on the potential synergies between their operations, to increase efficiencies in the local fertilizer and industrial products market, including possible decarbonization paths.

Brazil is a significant market for both agricultural and industrial applications with focus on domestic production growth and future decarbonization. Yara is playing a leading role in tackling the food crisis and is committed to decarbonizing the food value chain, essential industrial and air-quality applications, and zero-emission shipping fuel and energy solutions. To be successful, collaboration across the entire value chain is essential.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Yara Brasil Fertilizantes and Petrobras have signed a non-binding Master Agreement to explore potential business partnerships, building on their February 2024 MOU. The next phase involves analysing synergies to enhance efficiency in Brazil's fertilizer and industrial markets. Yara aims to address the food crisis and decarbonise various sectors.#

 

ALCHEMPro News Desk (HU)