Petrobras Advances in Sale of Araucária Nitrogenados Fertilizer Unit in Paraná State

The Ansa Fertilizer Unit Is Next to the Repar Refinery, Which Supplies It with Raw Material, Where Petrobras Is in the Most Advanced Negotiation Process

Petrobras announced in a relevant fact this Friday (30) the start of the binding phase regarding the sale of all its shares in the Araucária Nitrogenados (ANSA) fertilizer unit, located in the Metropolitan Region of Curitiba, in the state of Paraná. Looking for opportunities in the oil and gas sector? URGENT Job Openings in Macaé: Engineering Company Hires Experienced Technicians and Engineers for Onshore and Offshore Projects

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According to the state-owned company, potential buyers qualified for this phase will receive instructions on the divestment process, including guidelines for conducting “due diligence” and for preparing and submitting binding proposals.

Ansa, in Paraná, has a nitrogen fertilizer industrial unit with a production capacity of 1,975 tons/day of urea and 1,303 tons/day of ammonia, which is currently in hibernation.

The plant, inaugurated in 1982 and which has been a wholly owned subsidiary of Petrobras since 2013, has the capacity to produce, from asphalt residue (RASF), 1,303 tons per day of ammonia and 1,975 t/day of urea, used in the chemical and fertilizer industries.

The sales are part of Petrobras’ Business and Management Plan 2017-2021. “The entire process will follow the systematic for the divestments of Petrobras, a document that is fully aligned with the guidelines of the Federal Court of Accounts, detailing the procedures for the sale of company assets,” the company informed in a statement.

The oil company also emphasizes that the resumption of production or its transformation for another purpose will be the responsibility of the future buyer.

Ansa is adjacent to the Presidente Getúlio Vargas Refinery, which supplies it with raw material, where Petrobras is also in the most advanced negotiation process for Repar, attracting the attention of companies such as Raízen (joint venture between Shell and the energy and logistics conglomerate Cosan) and Ultrapar, owner of the Ipiranga Network.

In a statement sent to the Securities and Exchange Commission (CVM), the state-owned company reiterates that the operation is aligned with the strategy to optimize the portfolio and improve the allocation of the company’s capital, aiming to maximize value for its shareholders.

This disclosure is in accordance with Petrobras’ internal rules and with the special divestment regime for mixed economy companies, as provided in Decree 9,188/2017,” the company reminds.