Petrobras Reactivates Fertilizer Plant Construction in Southern Brazil

Petrobras Reactivates Fertilizer Plant Construction in Southern Brazil

CORDOBA, ARGENTINA--May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Authorities from Brazil's state-owned oil company Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) have announced the reactivation of the construction of the fertilizer plant in Três Lagoas, Mato Grosso do Sul, also known as UFN3, which was halted in 2014 when it was 80% complete. The paralysis of this project occurred within the framework of legal investigations for embezzlement and fraud, also known as the "Lava Jato" operation. A decade later, the implementation of this project is being resumed as part of an investment plan that Petrobras plans to carry out during the next four years.

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