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Home Petrobras advances in the sale of the Araucária Nitrogenados (ANSA) fertilizer unit in the state of Paraná

Petrobras advances in the sale of the Araucária Nitrogenados (ANSA) fertilizer unit in the state of Paraná

30 October 2020 to 10: 43
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Petrobras - Paraná - Fertilizers
Petrobras' Ansa fertilizer unit, in Paraná, is next to Refinaria Reparque, which supplies it with raw materials and will also be sold

The Ansa fertilizer unit is next door to the Repar refinery, which supplies it with raw material, where Petrobras is in a more advanced negotiation process.

Petrobras announced in a material fact this Friday (30) the beginning of the binding phase referring to 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. Are you looking for an opportunity in the oil and gas sector? URGENT job vacancies Macaé: Engineering company hires Technicians and Engineers experienced in 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 carrying out "due diligence" and for preparing and submitting binding proposals.

Ansa, in Paraná, has an industrial unit of nitrogenous fertilizers with a production capacity of 1.975 tons/day of urea and 1.303 tons/day of ammonia, which is currently hibernated.

The factory opened in 1982 and which since 2013 has been a wholly owned subsidiary of Petrobras, has the capacity to produce, from asphalt waste (RASF), 1.303 tons per day of ammonia and 1.975 t/day of urea, for use in the chemical and fertilizer industries.

The sales are part of Petrobras' 2017-2021 Business and Management Plan. "The entire process will follow Petrobras' disinvestment system, a document that is fully aligned with the directives of the Federal Court of Auditors, which details the procedures for the sale of company assets", the company said in a note.

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

Ansa is a neighbor of the Presidente Getúlio Vargas Refinery, which supplies it with raw material, where Petrobras is also in the process of negotiating more advanced Repar, which attracted the attention of companies such as Raízen (a 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 (GVC), the state-owned company reiterates that the operation is in line with the portfolio optimization strategy and the improvement of the company's capital allocation, aiming at maximizing value for its shareholders.

This disclosure is in accordance with Petrobras' internal rules and with the special regime for the divestment of assets by federal mixed-capital companies, provided for in Decree 9.188/2017", recalls the company.

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