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Petrobras completes acquisition of Vale fertilizer plant

8:42 AM MDT | June 7, 2013 | Deepti Ramesh

Brazil’s state oil company, Petrobras (Rio de Janeiro), says it has completed the previously announced acquisition of the nitrogenous fertilizer plant of mining company Vale (Rio de Janeiro), located at Araucária, Paraná State, Brazil, for $234 million. The plant has a production capacity of 700,000 m.t./year of urea and 475,000 m.t./year of ammonia, in addition to producing the automotive liquid reducing agent ARLA 32. The plant is located next to Petrobras’s Presidente Getúlio Vargas Refinery, which provides feedstock to...

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