Investment will be R$ 38 million in Fafen Bahia, affirms Petrobras president

Petrobras President Magda Chambriard emphasized on Wednesday, the 8th, that Bahia is a state with already significant installed capacity for Petrobras and that the resumption of the Bahia Fertilizer Factory (Fafen Bahia) represents the company's commitment to taking advantage of an "obvious synergy." "It will be an investment of R$ 38 million in the Bahia Fertilizer Factory," she said. "With this resumption, Petrobras' fertilizer factories Fafen, Fapen, and Ansa will be producing 20% of the national demand for fertilizers at the beginning of next year." In addition to meeting the agribusiness demand, the production of fertilizers plays an important role in the natural gas market, Chambriard emphasized. "Natural gas is a product that is increasingly being produced by Petrobras and the resumption of Fafen represents an obvious synergy. We are breaking the vicious cycle of not having gas because there is no market and vice versa," she maintained during a press conference. According ...