Petrobras Inks Evaluation Deal with Yara Brasil Fertilizantes

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(Petrobras, 28.Feb.2024) — Petrobras signed a Memorandum of Understanding (MoU) with Yara Brasil Fertilizantes S.A. to study potential business partnerships for local initiatives in the fertilizer segment, production of industrial products and decarbonization of production.

The MoU signed is of a non-binding nature and is aligned with the strategic elements of the 2024-28+ Strategic Plan, which aim to prepare Petrobras for a more sustainable future, contributing to the success of the energy transition.


Yara, the world leader in plant nutrition, cultivates knowledge to feed the world and protect the planet responsibly. To fulfill its commitment to cultivating a food future that is positive for nature, it offers a portfolio of high-tech, low-carbon products, develops digital agricultural tools for precision farming and works closely with researchers and industry partners to build an increasingly sustainable food value chain. With an integrated approach, the company also provides industrial solutions for a variety of uses, including reducing pollutants and improving air quality in cities.

Founded in Norway in 1905 to solve the emerging hunger crisis in Europe, Yara is present all over the world, with more than 17,000 employees and operations in more than 60 countries. In Brazil, Yara is ideally positioned in all the main agricultural hubs. With more than 5,000 employees, the company serves all types of producers and crops, contributing to the growth of agriculture and the country’s leading role in the challenge of feeding a growing world population. Since setting up in Brazil in the 1970s, Yara has been working to boost fertilizer production, reducing dependence on raw material imports and modernizing the national industry, in line with its global commitment to the decarbonization agenda.


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