Petrobras Inks Nitrogen Plant Leases
Petróleo Brasileiro SA (Petrobras) has announced that it has leased its idled Bahia (Fafen-BA) and Sergipe (Fafen-SE) nitrogen plants to Brazil’s Proquigel Química SA, a unit of Unigel Group, a major petrochemical and fertilizer producer, which is Brazil’s largest ammonium sulfate producer. Petrobras said the leases will become effective upon approval by the Administrative Council for Economic Defense (CADE) and the issuing of mandatory operation permits for Proquigel Química.