Brazil Flooding Impacts the Downstream Sector

CORDOBA, ARGENTINA--May 14, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The heavy rains in Brazil's Rio Grande do Sul have deeply affected the region, causing chaos and disrupting various industries. Numerous companies have been forced to suspend operations, and the downstream sector is facing the impact. The ongoing rainstorm, which began in early May, shows no signs of abating. Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil), on May 7, had to shut down the fluid catalytic unit and associated facilities in the cracking area at its REFAP Refinery due to difficulties in fuel shipping and transportation.