English 
Spanish 
3 min read
0 comments
Investment in fertilizers promises to increase production capacity and meet the growing demand of Brazilian agribusiness
Galvani, one of the main fertilizer companies in Brazil, plans invest R$ 1 billion in two projects in Bahia. With this contribution, the company seeks increase its phosphate fertilizer production capacity 700 thousand tons per year to 1,3 million. Marcelo Silvestre, president of Galvani, announced the news during the Invest Mining Summit 2024, held in São Paulo, according to the website.
Expansion in Luis Eduardo Magalhães and Irecê
Investments will focus on fertilizer plant in Luis Eduardo Magalhães and in a new mining unit in Irecê, in partnership with the Bahian Mineral Research Company (CBPM). Therefore, Galvani awaits double its production capacity until the first half of 2025. This expansion aligns with the growing demand for fertilizers in Brazil.
Silvestre too highlighted that Galvani obtained a loan from Finep to finance the new unit in Irecê. Additionally, there are several leisure, this project stands out for being innovative, as uses a dry concentration process and eliminates the need for tailings dams. The plant in Irecê will produce phosphate concentrate for fertilizers in Luís Eduardo Magalhães. As a result, a co-product will be generated and sold as an agricultural corrective.
- Raízen, a Brazilian agricultural giant, will put a package of plants up for sale, in an operation worth around R$1 billion
- Brazilian agricultural product worth 570 times more than gold production revealed
- THE OWNER OF BRAZIL: THE FARMER WHO OWNS AN AGRICULTURAL IMPACT OF 1,3 MILLION HECTORS
- Why are the United Arab Emirates investing R$15 BILLION in a Brazilian plant? The macaúba palm has recently gained prominence due to its incredible potential for biodiesel production, promising to generate around 90 thousand direct and indirect jobs!
Technology Center and Future Projects
Galvani has a fertilizer technology center in Uberaba (MG). This center develops new processes and products, which has been fundamental to investment plans. The Irecê project is already fully structured and implementation is expected to take place in 2026.
In addition, Galvani is planning a Greenfield project in Santa Quitéria, Ceará. This project, in partnership with INB, has a estimated cost of R$2,5 billion. It will include a mine and a fertilizer plant. The expected production will be 99,8% phosphate and 0,2% uranium, destined for INB. Silvestre stressed that this project is linked to the energy transition and food security.
Strategic importance for agribusiness
Galvani stands out as the leader in the supply of phosphate fertilizers in the Matopiba region. Consequently, the company grossed around R$1,3 billion annually, operating with a capacity of 700 thousand tons per year and employing 1.300 people.
Silvestre emphasized the importance of new projects. For example, 24% of Brazil's GDP is related to agribusiness, and 40% of exports in 2023 came from this sector. Furthermore, Brazil imports about US$ 15 billion in fertilizers, representing 87% of national consumption. In this way, Brazil compares itself to other large agricultural producers, such as the USA and China, which have more than 50% of their own production. Brazil, on the other hand, has only 13%.
Be the first to react!