Petrobras Inks Deal with UNIGEL

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(Petrobras, 29.Dec.2023) — Petrobras, following up on the releases published on 6 Jun. 2023 and 23 Jun. 2023, signed a contract with Unigel Participações S.A. for industrialization on order (tolling) for the production of fertilizers at the Sergipe and Bahia plants.

The agreement is the result of the partnership between Petrobras and Unigel disclosed on 6 Jun. 2023 (non-disclosure agreement) and is in line with the company’s Strategic Plan 2024-2028+ (SP 2024-28+) for fertilizer production. Studies into the production of low-carbon projects will continue.

Petrobras thus reinforces its commitment to leading the transformation and driving a sustainable, fair and safe energy transition.

About Unigel

Founded in 1966, Unigel is strategically located in Brazil, in the states of Bahia, Sergipe and São Paulo, and in Mexico. It has a leading position in styrenics, acrylics and nitrogen fertilizers, consolidating its position as one of the largest chemical companies in Latin America and the largest manufacturer of nitrogen fertilizers in the country.

Present in people’s daily lives, Unigel supplies fundamental inputs for the manufacture of end products in the household appliances and electronics, automotive, paints and coatings, construction, pulp and paper, packaging, health and beauty, textiles, mining and agriculture markets. In addition, the company is carrying out the first initiative for industrial-scale production and distribution of hydrogen and green ammonia in Brazil.

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