The total value of the 10-year deal is 177mn reals ($42.1mn), renewable for the same term, Petrobras said. The deal awaits approval from antitrust agency Cade, and the issuance of necessary licenses.
Fafen-BA, the Bahia unit, is a nitrogen fertilizer producer at the Camacari petrochemical complex. It can produce 1,300t/d of urea and also sells ammonia, carbon dioxide and diesel exhaust fluid.
Fafen-SE at Laranjeiras, Sergipe, and can make 1,800t/d of urea. This unit also sells ammonia, carbon dioxide and ammonium sulfate.
By Kauanna Navarro