Yara Brasil Fertilizantes S.A. (Yara) and Petróleo Brasileiro S.A. – Petrobras have signed a non-binding Master Agreement, as next step forward in the negotiations to structure a potential business partnership.
In the next phase Yara and Petrobras will jointly finalize the analysis on the potential synergies between their operations, to increase efficiencies in the local fertilizer and industrial products market, including possible decarbonization paths.
Brazil is a significant market for both agricultural and industrial applications with focus on domestic production growth and future decarbonization. Yara is playing a leading role in tackling the food crisis and is committed to decarbonizing the food value chain, essential industrial and air-quality applications, and zero-emission shipping fuel and energy solutions. To be successful, collaboration across the entire value chain is essential.
Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, Yara pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a nature positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain.
Yara is developing digital farming tools for precision farming and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through focus on clean ammonia production, Yara aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.
