Brazil's Petrobras set to deliver 20% of country's total demand for nitrogen fertilizers, CEO says

Core Insights - Brazilian oil company Petrobras is set to restart operations at three local plants, which will enable it to supply approximately 20% of the country's total nitrogen fertilizer demand [1] Company Summary - Petrobras will resume operations at three plants, enhancing its capacity to meet domestic nitrogen fertilizer needs [1] - The CEO, Magda Chambriard, highlighted the significance of this move for the company's role in the agricultural sector [1] Industry Summary - The restart of these plants is expected to have a substantial impact on the nitrogen fertilizer market in Brazil, addressing a critical demand in the agricultural industry [1] - This development aligns with broader trends in the fertilizer industry, where local production is increasingly prioritized to reduce dependency on imports [1]