Petrobras to Build Fertiliser Plant in Brazil

Petrobras has announced that it plans to build a fertiliser plant in the state of Minas Gerais, Brazil.

The state-owned oil company is planning to start construction of the plant in February 201. It will have capacity to produce 519,000t of ammonia per year.

The plant will be built in partnership with the Minas Gerais state government and the state electric power utility, Companhia Energetica de Minas Gerais, at an expected cost of BRL2.4bn ($1.4bn).

The ammonia is expected to reduce imports from Venezuela and Trinidad & Tobago.

Ammonia is the primary component used to produce monoammonium phosphate, which is in turn used to make dry agricultural fertilisers.