Norway's Yara $YAR (+0,65%) and Petrobras $PETR3 (+5,32%)
$PETR4 (+4,04%) cooperate to restart ANSA fertilizer production

Petrobras and Yara have signed two agreements, both based on the resumption of production at Araucaria Nitrogenados S.A. (ANSA), a wholly owned subsidiary of Petrobras, in a further step towards structuring a potential partnership in the fertilizer and industrial products sector.

Under the first agreement, ANSA will produce liquid reducing agents for the automotive industry (ARLA 32), using Yara's high quality urea for the automotive industry as raw material. This will facilitate the resumption of domestic production and reduce dependence on imports. The ARLA 32 will be sold by Yara.

The contract is valid until ANSA resumes production. From then on, ARLA 32 will be produced with raw materials from ANSA itself.

The second is a technical cooperation agreement for the development of joint studies on fertilizers and industrial products, as well as for energy transition efforts related to decarbonization projects, emissions reduction and the production of renewable and low-carbon fertilizers. This scientific, technological and operational cooperation aims to achieve greater production efficiency and increase the supply of these products on the market.