en.Wedoany.com Reported - Petrobrás recently announced the restart of the UFN-III (Third Nitrogen Fertilizer Plant) project in Três Lagoas, Mato Grosso do Sul. The company held a ceremony with President Lula to formally sign contracts with the winning bidders, advancing the project that had been halted since 2015.

The project has secured over R$5 billion in investment and is expected to create approximately 8,000 direct and indirect jobs, with operations anticipated to begin in 2029. Petrobrás stated that UFN-III's production capacity will meet about 15% of Brazil's urea demand, and combined with output from the company's other plants, its share of the domestic nitrogen fertilizer market could reach 35%.

Petrobrás CEO Magda Chambriard stated at a press conference that the company is evaluating expanding its participation in the fertilizer market and studying the possibility of doubling the capacity of its four fertilizer plants. In addition to UFN-III, the company also operates the Fafen plants in Bahia and Sergipe, and the ANSA plant in Paraná.

"When all projects are ready, we will supply 35% of Brazil's nitrogen fertilizer demand. Is that a small amount? Two years ago, it was zero. We are conducting studies and considering doubling the capacity of all plants—whether in the South, the Fafen plants in the Northeast, or the plant in the Midwest. We are very willing to do so," said Magda Chambriard.

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