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Petrobras plans to invest up to R$3,5 billion to complete UFN-III in Três Lagoas, highlighting the importance of fertilizers for agribusiness.
A Petrobras will make a huge investment of R$3,5 billion to complete the construction of the Nitrogen Fertilizer Unit (UFN-III), located in Três Lagoas, in the state of Mato Grosso do Sul. The information was disclosed by William França, executive director of Industrial Processes and Products of the state-owned company, during an oil and gas congress. The investment is being seen as a crucial measure for the completion of the project, which is currently 85% complete.
Resumption of Petrobras construction work and strategic planning
The expectation is that the resumption of works at UFN-III will be incorporated into Petrobras' next Strategic Plan, which will cover the period from 2025 to 2029.
This decision reflects a commitment by company to expand its production capacity in the fertilizer sector, which is essential to meet the growing demand of Brazilian agribusiness.
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William França explained that Petrobras is finalizing a detailed analysis of what still needs to be done to complete the unit.
He highlighted that the company is conducting a technical and economic feasibility study (EVTE) to assess the financial viability of the project.
“We are now finishing the due diligence of what remains to be done in the project so that we can run the EVTE again,” said França. This analysis is essential for Petrobras to give the green light for the next steps of the investment in the factory.
The importance of the fertilizer factory
The construction of UFN-III is an important step for Petrobras, especially in a context where Brazil depends heavily on fertilizer imports to sustain its agricultural production.
A factory, once completed, should increase the supply of nitrogen fertilizers on the national market, contributing to the country's self-sufficiency in this strategic sector.
Fertilizers are essential for agricultural cultivation, and the lack of inputs can directly impact farmers' productivity.
Thus, Petrobras' investment in UFN-III represents not only a business opportunity for the state-owned company, but also vital support for food security in Brazil.
New opportunities with renewable fuels
Besides the investment in fertilizers, William França also mentioned new possibilities that Petrobras is considering.
He spoke about the production of aviation fuel from ethanol, known as ATJ (Alcohol for Aviation Kerosene).
This initiative could open new paths for the company, taking advantage of the abundance of available raw materials, such as sugarcane alcohol and corn alcohol.
França stated that this production could generate synergies with the company's refineries, improving productivity.
However, he highlighted that, despite the potential, there are still no concrete definitions regarding the location or deadlines for possible projects related to this new fuel.
“Alcohol as a raw material is not a problem. The issue is the necessary infrastructure, which may require, for example, pipelines,” highlighted the director.
A correction three lagoons is Mato Grosso do Sul please, look at the title.
The initial title of the article is wrong, it is Mato Grosso do Sul.
Factory in Mato Grosso, or in Mato Grosso do Sul
Please pay attention to the title, Petrobras promises that the fertilizer factory in Mato Grosso “DO SUL” will be completed! But for this to happen……