Yara Brasil and Petrobras Forge Partnership to Drive Decarbonization in Fertilizer and Industrial Sectors

Yara Brasil and Petrobras Forge Partnership to Drive Decarbonization in Fertilizer and Industrial Sectors

(IN BRIEF) Yara Brasil Fertilizantes S.A. (Yara) and Petrobras have entered into a non-binding Memorandum of Understanding (MOU) aimed at exploring potential business collaborations concerning the production and decarbonization of local fertilizer and industrial products in Brazil. With Brazil being a key market for agricultural and industrial sectors and a focus on domestic production growth and future decarbonization, the partnership underscores a commitment to addressing both food security and environmental sustainability. Yara, a prominent player in combating the global food crisis, emphasizes its dedication to decarbonizing various sectors, including the food value chain, industrial applications, and shipping fuel and energy solutions. Collaboration across the value chain is deemed essential for success, with further updates expected to be shared with the market in due course.

(PRESS RELEASE) OSLO, 29-Feb-2024 — /EuropaWire/ — Yara Brasil Fertilizantes S.A. (Yara) and Petrobras have signed a non-binding Memorandum of Understanding (MOU) to explore potential business partnerships related to production and decarbonization of local fertilizer and industrial products.

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.

Relevant updates will be shared with the market in due course

About Yara

Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we 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.

To achieve our ambition, we have taken the lead in 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 our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with around 17,500 employees and operations in over 60 countries, with a proven track record of strong returns. In 2023, Yara reported revenues of USD 15.5 billion.

www.yara.com

Media Contact:

Tel:+47 24 15 70 00

SOURCE: Yara International ASA